Description |
1 online resource (36 pages) |
Series |
IMF country report, 2227-8907 ; no. 08/317 |
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IMF country report ; no. 08/317.
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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." |
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"September 2008." |
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Print version record |
Subject |
International Monetary Fund -- Aruba
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International Monetary Fund |
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Banks and banking -- State supervision -- Aruba
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Insurance -- State supervision -- Aruba
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Finance -- State supervision -- Aruba
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Banks and banking -- State supervision
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Economic history
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Finance -- State supervision
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Insurance -- State supervision
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Aruba -- Economic conditions
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Aruba
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Form |
Electronic book
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Author |
International Monetary Fund. Monetary and Capital Markets Department, issuing body.
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ISBN |
1280919523 |
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9781280919527 |
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9781451994278 |
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1451994273 |
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9781452754970 |
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1452754977 |
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9781451800135 |
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1451800134 |
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