Netherlands Antilles: Recent Economic Developments

April 26, 1997

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Netherlands Antilles: Recent Economic Developments, (USA: International Monetary Fund, 1997) accessed September 19, 2024

Summary

This paper reviews economic developments in the Netherlands Antilles during 1990–96. The economic situation started deteriorating significantly since the early 1990s. Economic growth slackened, mainly reflecting weak investment and a sharp drop in tourist arrivals in 1995–96 owing to hurricane damage. The underlying external position deteriorated progressively, and reserves fell to an uncomfortably low level. The major factors behind the deterioration were occasional slippages in monetary policy and persistently large fiscal deficits that had their roots in a rapid growth of personnel costs.

Subject: Banking, Civil service, Expenditure, Labor, Pension spending, Pensions, Revenue administration

Keywords: Balance of payments, Caribbean, Central bank, Central government, Civil service, CR, Current account, Development aid, Foreign exchange, ISCR, Island government, Monetary policy, Pension spending, Pensions, Private sector, Sales tax, Tax collection, Tax revenue

Publication Details

Pages:

108
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1997/032
Stock No:

1ANTEA0011997
ISBN:

9781451800975
ISSN:

1934-7685

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