IMF Staff Country Reports

Kingdom of the Netherlands—Aruba: Staff Report for the 1999 Article IV Consultation

Publication Date:

July 1, 1999

Electronic Access:

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Summary:

This 1999 Article IV Consultation highlights that Aruba’s real GDP grew at an annual rate of some 3 percent in 1998, while inflation remained subdued at about 2 percent. Comparable rates of satisfactory growth and low inflation have characterized the island’s development since the mid-1990s, following a period of double-digit growth when an investment boom in the hotel sector brought about the transformation of Aruba into a tourism-based economy. The outlook for satisfactory growth and low inflation had been threatened, however, by an undue relaxation of fiscal policy in 1996 and continued laxity through mid-1998.

Series:

Country Report No. 1999/047

Subject:

Arrears Banking Civil service Commercial banks Current spending Expenditure External debt Financial institutions Labor

Notes:

Included with the Staff Report is the text of Public Information Notice No. 99/44--IMF Concludes Article IV Consultation with Aruba.