Download or read book Kingdom of the Netherlands Cura ao and Sint Maarten Selected Issues written by International Monetary and published by International Monetary Fund. This book was released on 2021-08-25 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected Issues
Download or read book Kingdom of the Netherlands the Netherlands written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2023-03-09 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kingdom of the Netherlands–the Netherlands: Selected Issues
Download or read book Kingdom of the Netherlands the Netherlands Selected Issues written by International Monetary and published by International Monetary Fund. This book was released on 2021-11-15 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kingdom of the Netherlands—Netherlands: Selected Issues
Download or read book Kingdom of the Netherlands Cura ao and Sint Maarten Technical Assistance Report Implementation of Risk Based Supervision written by International Monetary and published by International Monetary Fund. This book was released on 2022-03-25 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: The CBvCSM is the sole supervisory authority for all regulated financial institutions operating locally and in the offshore (or international) sector, as well as the stock exchange in Curacao and St Maarten. The financial sector comprises different types of institutions, which include banks and non-bank institutions, insurance companies (both Life, and Non-life), securities intermediaries, asset management firms, investments institutions, fund administrators, management of pension funds, reinsurers, and trust companies.
Download or read book The Kingdom of the Netherlands Netherlands written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2019-02-12 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues papers provide details of the sources and uses of the non-financial corporation saving and highlights the role of multinational corporations (MNCs). The paper also discusses the implications to the external sector assessment and policy recommendations. The large Dutch international investment position reflects its status as an international corporate center. The study shows that large trade surpluses and small primary income balances are consistent with the dominance of MNCs in the Netherlands’ external positions. Separating MNCs’ activities from the Dutch current account for the external sector assessment is expected to help identify underlying policy distortions. Separating MNCs’ activities would help identify imbalances of other economic sectors. The small and medium enterprises are stagnant and remain financially constrained. Small household net saving hides the fact that households are still highly leveraged, and their consumption constrained by a stagnating disposable income. Therefore, improving statistics and separating MNCs’ activities from both internal and external accounts would help identify domestic policy distortions and address imbalances effectively.
Download or read book Kingdom of the Netherlands Netherlands written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2018-05-28 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper analyzes the wage moderation in the Netherlands. Wage growth has been subdued in the Netherlands despite tighter labor market conditions in recent years. Besides various cyclical factors, rising labor market flexibility may have contributed to the wage moderation in the Netherlands. Like other advanced economies, slower productivity growth and lower expected inflation are important drivers to the wage moderation in the recent years. In addition to that, remaining slack in the labor market also weighed on wage growth. Going forward, wages are expected to grow faster given higher expected inflation, foreign wage spillovers, and tightening labor market.
Download or read book Kingdom of the Netherlands Cura ao and Sint Maarten written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2022-08-11 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economies of Curaçao and Sint Maarten are recovering from the pandemic but facing multiple challenges, including spillovers from the war in Ukraine. Curaçao was in a protracted recession even before the pandemic due to spillovers from the Venezuelan crisis. Sint Maarten needs to fully recover not only from the pandemic, but also from the devastating 2017 hurricanes.
Download or read book Kingdom of the Netherlands Cura ao and Sint Maarten written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2023-07-28 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: Curaçao and Sint Maarten, which form a monetary union (Union), are recovering from the pandemic and earlier shocks. Substantial tourism recoveries in both economies supported robust growth and strong fiscal adjustments. Curaçao’s GDP is still below its pre-pandemic level while Sint Maarten is expected to exceed it this year. Both countries are working on structural reform packages, although the focus is still mainly on studies and preparation.
Download or read book Kingdom of the Netherlands Curacao and Sint Maarten written by and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Kingdom of the Netherlands Cura ao and Sint Maarten written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2016-08-23 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2016 Article IV Consultation highlights that the fiscal situation in Curaçao and Sint Maarten remains relatively stable, following the debt relief in 2010, but progress on necessary fiscal and structural reforms has been slow. Curaçao experienced modest growth in 2015 of 0.1 percent, reflecting a turnaround from the contraction of 1.1 percent in 2014. The economy of Sint Maarten expanded by 0.5 percent in 2015, a slowdown compared with the 1.5 percent recorded in 2014. Real GDP growth in 2016 is expected to reach 0.5 percent in Curaçao and 0.7 percent in Sint Maarten. Over the medium term, growth is expected to pick up moderately to 0.9 percent and 1.3 percent for Curaçao and Sint Maarten, respectively.
Download or read book Kingdom of the Netherlands Curacao and Sint Maarten written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2020-04-01 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2019 Article IV Consultation focuses on Curaçao and Sint Maarten’s near and medium-term challenges and policy priorities and was prepared before coronavirus disease 2019 became a global pandemic and resulted in unprecedented strains in global trade, commodity and financial markets. The fiscal position in Curaçao improved in the past two years, in part due to implemented fiscal measures. Both Curaçao and Sint Maarten would benefit from introducing a Fiscal Responsibility Framework. It could incorporate a central government debt ratio as a long-term anchor and operational rules calibrated to meet it. The report suggests that risks in the financial sector need to be addressed as a matter of priority. The authorities should develop a strategy for addressing financial sector vulnerabilities with the objective of preserving financial stability while minimizing fiscal costs. Significant strengthening of supervision and a complete overhaul of the bank resolution framework are also urgently needed. An across-the board improvement in the governance framework should be a key priority in both countries. Vulnerabilities in the financial system point to the need to strengthen governance in the financial sector.
Download or read book Kingdom of the Netherlands written by Wendly Daal and published by . This book was released on 2008 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Kingdom of the Netherlands Aruba Selected Issues written by Harm Zebregs and published by . This book was released on 2008 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Kingdom of the Netherlands Aruba Selected Issues and Statistical Appendix written by István P. Székely and published by . This book was released on 2005 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Kingdom of the Netherlands Sint Maarten Technical Assistance Report Sustainable Tax Reforms written by International Monetary and published by International Monetary Fund. This book was released on 2021-10-19 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sint Maarten’s economy has been hit hard over the last 4 years. In 2017, two major hurricanes struck the island causing significant damage. While reconstruction was largely financed by insurance proceeds and grants from The Netherlands, economic recovery from the hurricane damage was slow and in early 2020 the coronavirus pandemic shut down most of Sint Maarten’s tourism sector. As a result, fiscal revenue declined by 15 percent since 2016; payroll tax revenue declined by only 4.5 percent, whereas the turnover tax revenue declined by 23 percent. Since April 2020, The Netherlands has provided immediate financial support to cushion the economic shock of the pandemic. In December 2020, Sint Maarten concluded an agreement with The Netherlands to receive more substantial financial support for recovery and ensuring long-term fiscal sustainability. In return, the authorities committed to make structural changes to their tax system, making it more growth-friendly and equitable, while optimizing and ensuring its revenue mobilization capacity.
Download or read book Kingdom of the Netherlands Cura ao and Sint Maarten written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2014-08-27 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: KEY ISSUES Context: The union’s current account deficit—the key economic vulnerability flagged in the previous (2011) consultation—has declined over the past few years, including thanks to fiscal adjustment in Curaçao. But it remains large. Curaçao’s growth and job creation remain lackluster, due to weak competitiveness, adverse sectoral trends (e.g., in the international financial center), red tape, and rigid labor laws. Sint Maarten’s tourism-based economy is recovering but remains vulnerable to shocks and suffers from weak administrative capacity—as underscored, for example, by weakening tax collection. Risks: Both Curaçao and, especially, Sint Maarten are exposed to shifts in tourism demand. Curaçao is vulnerable to the uncertain situation in Venezuela, its main trading partner. If long-discussed flexibility- and competitiveness-enhancing structural reforms are not implemented, both countries’ capacity to absorb shocks may prove limited, and pressures on FX reserves and, ultimately, the peg may intensify. Policy recommendations: Fiscal policies should entrench recent gains to facilitate continued external adjustment (especially in Curaçao) and build buffers against shocks. Curaçao should extend the reform of its pension system to public sector workers, further streamline its administrative apparatus, and address weak governance and finances in state companies. Sint Maarten needs to increase revenues to support an expanding administration, including through stronger tax collection and greater contribution from its profitable state companies. The common central bank must monitor closely the deterioration in banks’ loan portfolios and refrain from direct financing of non-financial companies. It should also use more standard sterilization tools to control banks’ excess liquidity. Urgent action is required to lower the cost of doing business and remove pervasive disincentives to both supply and demand of labor.
Download or read book Background Notes Netherlands Antilles and Aruba written by and published by . This book was released on 1989 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
