Kingdom of the Netherlands—Curaçao and Sint Maarten: 2021 Article IV Consultation Discussions; Press Release and Staff Report

Kingdom of the Netherlands—Curaçao and Sint Maarten: 2021 Article IV Consultation Discussions; Press Release and Staff Report
Author :
Publisher : International Monetary Fund
Total Pages : 79
Release :
ISBN-10 : 9781513594453
ISBN-13 : 1513594451
Rating : 4/5 (53 Downloads)

Book Synopsis Kingdom of the Netherlands—Curaçao and Sint Maarten: 2021 Article IV Consultation Discussions; Press Release and Staff Report by : International Monetary

Download or read book Kingdom of the Netherlands—Curaçao and Sint Maarten: 2021 Article IV Consultation Discussions; Press Release and Staff Report written by International Monetary and published by International Monetary Fund. This book was released on 2021-08-25 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic inflicted another major shock on the economies of Curaçao and Sint Maarten, which followed category 5 hurricanes in Sint Maarten in 2017 and the spillovers of the Venezuelan crisis on Curaçao. Despite the substantial response measures financed by The Netherlands, the economic contraction in 2020 was severe.


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KEY ISSUES Context: The union’s current account deficit—the key economic vulnerability flagged in the previous (2011) consultation—has declined over the p