1 “.... The economy has gone through a temporary growth dip in the early part of 2017, but momentum has picked up...”

2 “...Economic performance has been much better than expected, in part due to the authorities’ forceful...”

3 “.... The overall fiscal deficit of the central government remained high, in part owing to one-off investment...”

4 “... nearly a decade of budget surpluses. A significant part of the large CBI revenues was prudently saved...”

5 “... consolidation and growth promotion. The prior action on launching the domestic part of the debt restructuring...”

6 “... in 2013. To address the fiscal crisis, the authorities have initiated fiscal adjustment as part...”

7 “... prices, foreign direct investment and expansion of private sector credit. As part of a strategy...”

8 “.... Greater labor supply and wages in the formal sector push up revenue from labor taxation, compensating part...”

9 “... from the peace agreement. Nontraditional exports are gaining steam thanks in part to ongoing efforts...”

10 “.... The pass-through of lower global oil prices to end-user prices will be gradual, as part of the windfall...”

11 “... remains weak, although this is in part relieved by growing lending by credit unions. Growth is projected...”

12 “... international reserves. The inflation rate has been one of the lowest in the region, in large part a result...”

13 “... working part time ‘involuntarily’...”

14 “... (about 30 percent of GDP).1 As part of the agreement, the authorities committed to tighten the fiscal...”

15 “... in Curaçao improved in the past two years, in part due to implemented fiscal measures. Both Curaçao and Sint...”

16 “... current account deficit, which was due in part to higher import prices. The banking system remains well...”

17

18

19

20 “... on growth, as the stimulus is being withdrawn. These have been only partly offset by an improvement...”