• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

IMF Projects Moderate Growth for Curaçao and Sint Maarten Amid Tourism Strength and Global Uncertainty

2 months ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
40
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

IMF Projects Moderate Growth for Curaçao and Sint Maarten Amid Tourism Strength and Global Uncertainty

The Executive Board of the International Monetary Fund (IMF) has concluded its Article IV Consultation discussions with the Kingdom of the Netherlands — covering Curaçao and Sint Maarten — and endorsed the staff appraisal on a lapse-of-time basis. The authorities have consented to the publication of the Staff Report.

The Fund noted that both economies continue to benefit from the post-pandemic tourism boom, with strong expansions in stayover arrivals and construction activity. While disinflation broadly persisted through 2024, the current account deficit of the monetary union remained elevated as rising tourism receipts were offset by construction-related imports. Fiscal positions in both territories remained robust and compliant with the fiscal rule, although progress on the landspakket reform programme has slowed, with notable advancements only in digitalisation of permits.

Curaçao Outlook

Economic growth in Curaçao is expected to moderate to 4% in 2025, balancing domestic demand with global headwinds. Expansion in tourism and construction, coupled with higher public investments, will sustain growth. Over the medium term, however, growth is projected to ease to 2% as the tourism sector reaches saturation and global demand slows. Inflation is forecast at 2.5% in 2025 before converging to 2% in the medium term. The primary fiscal balance is expected to remain in surplus, while the current account deficit, though narrowing, will stay elevated.

Sint Maarten Outlook

Sint Maarten’s economy is projected to expand by 3% in 2025, driven by increased hotel capacity and tourism inflows. Growth is seen converging to 2% in the medium term as the island approaches its tourism carrying capacity. Inflation is expected at 3.3% in 2025, tapering towards 2% over the medium term. While fiscal balances may deteriorate temporarily due to stronger investment spending, the current account is projected to shift into a small surplus over time.

RelatedPosts

Nestlé Ghana to Launch “No Refined Sugar” Variant of CERELAC®️

Cedi@60: Fiscal Discipline Key to Preserving Monetary Independence – BoG Governor

Cedi@60: Ghana Has Turned a Decisive Corner in Post-Crisis Recovery, Says Governor Asiama

Risks and Policy Outlook

The IMF cautioned that risks remain tilted to the downside, including potential global trade and investment shocks and a sharper-than-expected slowdown in external demand, which could weigh on tourism revenues and raise import costs. On the upside, faster execution of infrastructure projects could bolster growth.

Monetary policy remains appropriately geared toward preserving the currency peg, with the Fund assessing the financial sector as broadly sound, well-capitalised, and liquid.

Tags: IMFIMF Projects Moderate Growth for Curaçao and Sint Maarten Amid Tourism Strength and Global UncertaintyTourism

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Cedi@60: Ghana’s Foreign Reserves Hit $12bn Providing 6.5 Months of Import Cover – BoG Governor Discloses

CHAG Takes Full Leadership of its Safecare Journey After PharmAccess Handover

Cedi@60: Finance Minister Reiterates Call for Exclusive Use of Cedi in Domestic Transactions

Cedi@60: Vice President Calls for Sustained Fiscal Discipline, Commends BoG for Restoring Confidence in the Cedi

Cedi@60: BoG Governor Hails Currency’s Resilience, Pledges Stronger Policy Transparency and Digital Innovation

GAB CEO Urge Ghanaians to Prioritise Use of Cedi 

Trending

Features

Nestlé Ghana to Launch “No Refined Sugar” Variant of CERELAC®️

October 28, 2025

Nestlé Ghana to Launch “No Refined Sugar” Variant of CERELAC®️ Nestlé Ghana will soon launch a new...

Cedi@60: Fiscal Discipline Key to Preserving Monetary Independence – BoG Governor

October 28, 2025

Cedi@60: Ghana Has Turned a Decisive Corner in Post-Crisis Recovery, Says Governor Asiama

October 28, 2025

Cedi@60: Ghana’s Foreign Reserves Hit $12bn Providing 6.5 Months of Import Cover – BoG Governor Discloses

October 28, 2025

CHAG Takes Full Leadership of its Safecare Journey After PharmAccess Handover

October 28, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.