Kingdom of the Netherlands - Aruba : 2019 Article IV Consultation Discussions-Press Release and Staff Report

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

June 5, 2019

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Aruba is a small open economy with a pegged exchange rate to the U.S. dollar. The island is heavily dependent on tourism and has living standards among the highest in the Caribbean. The economy is gradually recovering from several recessions since 2008. The authorities have managed well the impact of the crisis in Venezuela through diversification of product markets and tourism sources. Nonetheless, a deepening of the crisis is a downside risk—mainly through a potentially sizable influx of immigrants and refugees. And so is a potential deterioration in the outlook for the U.S. economy.

Series:

Country Report No. 19/148

Subject:

English

Publication Date:

June 5, 2019

ISBN/ISSN:

9781498318006/1934-7685

Stock No:

1ABWEA2019001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

69

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