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Kingdom of the Netherlands—Aruba: Staff Report for the 2001 Article IV Consultation Discussions
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2001: Issue 159
Language:
English
Publication Date:
07 Sep 2001
DOI:
https://doi.org/10.5089/9781451800067.002
ISBN:
9781451800067
ISSN:
1934-7685
Pages:
50
Keywords:
ISCR; CR; staffs recommendation; company pension funds; Aruban economy; offshore sector; exchange rate peg; IMF staff estimate; CBA confidence margin; current account; IMF's assessment; Commercial banks; Monetary systems; Imports; Public sector; Caribbean; South America
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The government’s plans to reform the tax system and administration are well founded. The Central Bank of Aruba is to be commended for its prudent management of monetary policy, as demonstrated by the continued credibility and strength of the peg to the U.S. dollar, buttressed by a robust foreign reserve position. There has been significant progress in expanding and strengthening the supervisory and regulatory framework of financial activities. Renewed initiatives on structural reforms will improve efficiency in the use of resources and attract strategic investment.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund