CBCS Annual Report review: Decline in official reserves (Part 3)

Sound policy response needed WILLEMSTAD/PHILIPSBURG – “The deepening current account deficit of the balance of payments of the monetary union and gradual slippage in the gross official reserves require a sound More...

CBCS Annual Report review: Curaçao and Sint Maarten economies contract (Part 2)

Circumstances challenging in 2018 WILLEMSTAD/PHILIPSBURG – “The economic circumstances in the monetary union remained challenging in 2018 with both Curaçao and Sint Maarten recording a contraction,” Centrale More...

CBCS Annual Report review: Central Bank on balanced budget rule (Part 1)

Consolidation is crucial at a calibrated pace WILLEMSTAD/PHILIPSBURG – Acting president of the Centrale Bank van Curaçao en Sint Maarten Bob Traa stated in the Bank’s 2018 Annual Report that one of the challenges More...