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Kingdom of the Netherlands—Aruba: Recent Economic Developments
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1999: Issue 051
Language:
English
Publication Date:
01 Jul 1999
DOI:
https://doi.org/10.5089/9781451800050.002
ISBN:
9781451800050
ISSN:
1934-7685
Pages:
65
Keywords:
ISCR; CR; central bank; Aruba; company; coverage ratio; net; monetary policy; foreign exchange; private sector; balance of payments; broad money; U.S. dollar; trade balance; banking system; Commercial banks; Insurance; Pension spending; Pensions; Caribbean
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This Background Paper describes economic and financial developments in Aruba during 1997–98. The paper highlights that in the mid-1990s, the boom in the hotel sector came to an end, and the economy started to grow at a more sustainable pace. The paper reviews real economic activity, employment, and domestic price movements. It covers public finances and fiscal policy, including the budget for 1999, and also addresses monetary and exchange policy and developments. An analysis of recent trends in the external current and capital accounts is also presented.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund