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Title Aruba : assessment of financial sector supervision and regulation / prepared by the Monetary and Capital Markets Dept
Published [Washington, D.C.] : International Monetary Fund, [2008]
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Description 1 online resource (36 pages)
Series IMF country report ; no. 08/317
IMF country report ; no. 08/317
Contents Cover; Contents; Executive Summary; Tables; 1. Main Recommendations; I. Introduction and Overview; 2. Financial Sector Structure; 3. Prudential Indicators of Banking Institutions; II. Bank Regulation and Supervision; 4. Banking System Growth; III. Insurance Regulation and Supervision; 5. Insurance Sector; Appendices; I. Status Report on the Implementation of the 2002 OFC Assessment; II. Report on Observance of Standards and Codes Assessment of compliance with the Basel Core Principles for Effective Banking Supervision; 7. Recommended Action Plan to Improve Compliance with the Basel Core
Summary 1. Aruba, which is part of the Kingdom of the Netherlands, is a small, open Caribbean island with nearly 96,000 inhabitants. The economy is highly dependent on tourism, which generates 43 percent of GDP in export revenues. Strong legal institutions, good governance and openness have brought the country stability and rapid development, and Aruba's per capita GDP ($21,200) is now one of the highest in the region. However, the heavy dependence on tourism also renders the economy vulnerable to external shocks
Notes "Prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country."
"September 2008."
Print version record
Subject International Monetary Fund -- Aruba.
Banks and banking -- State supervision -- Aruba.
Finance -- State supervision -- Aruba.
Insurance -- State supervision -- Aruba.
Aruba -- Economic conditions.
Form Electronic book
Author International Monetary Fund. Monetary and Capital Markets Department, Issuing body
ISBN 1280919523
Other Titles Kingdom of the Netherlands : Aruba : assessment of financial sector supervision and regulation