| Description |
1 online resource (54 pages) |
| Series |
IMF country report, 2227-8907 ; no. 10/334 |
|
IMF country report ; no. 10/334.
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| Contents |
I. Context and Recent Developments; Boxes; 1. Recent Macroeconomic Developments; II. Macroeconomic Outlook; 2. Constitutional Framework and Recent Political Developments; 3. External Competitiveness and Tourism Developments; III. Policy Discussions; A. Restoring Sustainability of the Public Finances; Recent Fiscal Developments; 4. Aruba's Main Health Care and Pension Schemes; The Fiscal Outlook and Aruba's Fiscal Adjustment Need; Options for Fiscal Adjustment; B. Enhancing the Effectiveness of Monetary Policy; C. Safeguarding Financial Stability; IV. Staff Appraisal |
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5. The Structure of Aruba's Financial SystemFigures; 1. Regional Comparison I, 2000-09; 2. Regional Comparison II, 2005-10; 3. Real Sector Developments, 2001-09; 4. Fiscal Developments, 2001-09; 5. Developments in the Monetary Sector, 2001-09; 6. Developments in Commercial Banks, 2001-09; 7. Balance of Payments, 2001-09; Tables; 1. Aruba: Selected Economic Indicators, 2007-15; 2. Real Growth, 2007-15; 3. Operations of the Central Government, 2007-12; 4. Public Debt, 2006-09; 5. Central Bank Survey, 2006-11; 6. Monetary Survey, 2006-11; 7a. Balance of Payments, 2007-15 |
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7b. Balance of Payments, 2007-158. Financial Soundness Indicators, 2007-09; 9. External Debt, 2004-09; 10. International Investment Position, 2004-09; Appendices; I. Public Sector Debt Sustainability Framework, 2005-15; II. External Debt Sustainability Framework, 2005-15; Contents; I. Fund Relations; II. Statistical Issues |
| Summary |
1. Aruba is a small, open economy with one of the highest living standards in the Caribbean and a history of stability-oriented macroeconomic policies (Figure 1 and Table 1). In the period preceding the global financial crisis (2003-07), real GDP growth averaged 3 percent per year, boosted by tourism and foreign direct investment. The long-standing peg to the U.S. dollar helped create a positive investment climate. Annual credit ceilings set by the central bank kept credit growth at sustainable levels. A prudent fiscal policy-the central government deficit averaged 1.7 percent of GDP in the past 10 years-contained public debt at 40-45 percent of GDP, earning Aruba investment grade ratings from Standard Poor's and Fitch |
| Notes |
Title from PDF title page (IMF Web site, viewed November 18, 2011) |
|
"October 2010." |
| Subject |
International Monetary Fund -- Aruba
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International Monetary Fund |
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Economic indicators -- Aruba
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Debts, Public -- Aruba
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Debts, External -- Aruba
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Debts, External
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Debts, Public
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Economic history
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Economic indicators
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Economic policy
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Aruba -- Economic conditions
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Aruba -- Economic policy
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Aruba
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| Form |
Electronic book
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| Author |
International Monetary Fund.
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| ISBN |
1283563746 |
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9781283563741 |
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9781455294060 |
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1455294063 |
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1455262781 |
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9781455262786 |
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9781455208302 |
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1455208302 |
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