Sint Maarten and Curaçao monetary union needs 'less political wisdom', more co-ordinated action

tromp-emsley

The current account deficit in Sint Maarten has declined in recent years while the deficit in Curaçao remains "well above" 5% of GDP, Emsley Tromp, president of the countries' shared central bank, noted in a speech this weekend, but added that "both countries bear responsibility for addressing the situation of the balance of payments in the monetary union".

To shrink the deficit, the central bank has aimed to reduce liquidity by gradually increasing the reserve requirements of banks, Tromp said

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: