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220928 ||| eng |
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|a 9781513539362
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| 245 |
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|a Kingdom of the Netherlands-Curacao and Sint Maarten
|b 2019 Article IV Consultation-Press Release and Staff Report; and Statement by the Executive Director for the Kingdom of the Netherlands-Curacao and Sint Maarten
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2020
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| 300 |
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|a 85 pages
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| 651 |
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4 |
|a Curaçao, Kingdom of the Netherlands
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| 653 |
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|a Fiscal stance
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| 653 |
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|a Finance, Public
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| 653 |
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|a Public debt
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| 653 |
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|a Budget Systems
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Debt Management
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| 653 |
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|a Debts, Public
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| 653 |
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|a Gambling
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| 653 |
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|a Fiscal Policy
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| 653 |
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|a Computer Programs: Other
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| 653 |
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|a Debt
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| 653 |
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|a Hospitality, leisure & tourism industries
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| 653 |
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|a Recreation
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| 653 |
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|a Data Collection and Data Estimation Methodology
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| 653 |
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|a Exports and Imports
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| 653 |
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|a Fiscal policy
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| 653 |
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|a Economic sectors
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| 653 |
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|a International economics
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| 653 |
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|a Budgeting
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| 653 |
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|a National Government Expenditures and Related Policies: General
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| 653 |
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|a Sovereign Debt
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| 653 |
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|a Budget
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Public financial management (PFM)
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| 653 |
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|a Industries: Hospital,Travel and Tourism
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| 653 |
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|a Budgeting & financial management
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| 653 |
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|a Sports
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| 653 |
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|a National Budget
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| 653 |
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|a Extra-budgetary funds
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| 653 |
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|a Econometrics & economic statistics
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| 653 |
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|a Statistics
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| 653 |
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|a Public Finance
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| 653 |
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|a Restaurants
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| 653 |
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|a Tourism
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| 653 |
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|a Finance; Statistics
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| 710 |
2 |
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|a International Monetary Fund
|b Western Hemisphere Dept
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Staff Country Reports
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/002/2020/094/002.2020.issue-094-en.xml?cid=49302-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a This 2019 Article IV Consultation focuses on Curaçao and Sint Maarten’s near and medium-term challenges and policy priorities and was prepared before coronavirus disease 2019 became a global pandemic and resulted in unprecedented strains in global trade, commodity and financial markets. The fiscal position in Curaçao improved in the past two years, in part due to implemented fiscal measures. Both Curaçao and Sint Maarten would benefit from introducing a Fiscal Responsibility Framework. It could incorporate a central government debt ratio as a long-term anchor and operational rules calibrated to meet it. The report suggests that risks in the financial sector need to be addressed as a matter of priority. The authorities should develop a strategy for addressing financial sector vulnerabilities with the objective of preserving financial stability while minimizing fiscal costs. Significant strengthening of supervision and a complete overhaul of the bank resolution framework are also urgently needed. An across-the board improvement in the governance framework should be a key priority in both countries. Vulnerabilities in the financial system point to the need to strengthen governance in the financial sector
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