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Kingdom of the Netherlands-Aruba.

Author: International Monetary Fund European Dept
Publisher: Washington : International Monetary Fund, 2015.
Series: IMF Staff Country Reports.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This 2015 Article IV Consultation highlights that Aruba has been recovering from a severe double-dip recession. The economy faced two major shocks over the past five years-the global financial crisis and shutdown of the Valero oil refinery in 2012. After a strong recovery in 2013 with growth reaching 4.75 percent, the pace of activity moderated in 2014. In 2015, growth is projected to rise to 2.25 percent. The  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Dept., International Monetary Fund. European.
Kingdom of the Netherlands-Aruba: 2015 Article IV Consultation Discussions-Staff Report; and Press Release.
Washington : International Monetary Fund, ©2015
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund European Dept
ISBN: 9781484373668 1484373669 9781484373101 1484373103
OCLC Number: 911001066
Description: 1 online resource (51 pages).
Contents: Cover; CONTENTS; INTRODUCTION; RECENT DEVELOPMENTS, OUTLOOK, AND RISKS; A. Recent Economic Developments; B. Outlook and Risks; REBUILDING POLICY SPACE AND SUPPORTING THE RECOVERY; A. Fiscal Policy: Ambitious Consolidation Needed; B. Monetary and Financial Sector Policies: Preserve Stability; C. Safeguarding Competitiveness and External Stability; BOOSTING LONG-TERM GROWTH POTENTIAL; STAFF APPRAISAL; BOXES; 1. Basic Facts; 2. The Impact of External Spillovers; 3. Reform of Entitlement Programs; 4. Overview of the Financial System; FIGURES; 1. Regional Comparison. 2. Growth and External Imbalances3. Fiscal Developments, 2008-14; 4. Competitiveness; TABLES; 1. Selected Economic Indicators, 2012-16; 2. Baseline Scenario: Medium-Term Outlook, 2010-20; 3. Fiscal Operations of the Central Government, 2008-16; 4. Central Bank Survey, 2010-16; 5. Monetary Survey, 2010-16; 6. Balance of Payments, 2010-20; 7. Financial Soundness Indicators, 2008-14; 8. External Debt, 2008-14; 9. International Investment Position, 2008-14; APPENDICES; I. Public Debt Sustainability Analysis (DSA); II. External Debt Sustainability Framework, 2010-20; III. Risk Assessment Matrix. Fund relations; statistical issues.
Series Title: IMF Staff Country Reports.

Abstract:

This 2015 Article IV Consultation highlights that Aruba has been recovering from a severe double-dip recession. The economy faced two major shocks over the past five years-the global financial crisis and shutdown of the Valero oil refinery in 2012. After a strong recovery in 2013 with growth reaching 4.75 percent, the pace of activity moderated in 2014. In 2015, growth is projected to rise to 2.25 percent. The tourism sector-the mainstay of the Aruban economy-is envisaged to grow, albeit at a slower rate. Moreover, domestic demand is slated to recover notably amid subsiding policy uncertainty.

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