Kingdom of the Netherlands—Aruba: Recent Economic Developments

International Monetary Fund

No 1999/051, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

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 (search for similar items in EconPapers)
Pages: 65
Date: 1999-07-01
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