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25 Jun 2024
Kingdom of the Netherlands – Sint Maarten: Staff Concluding Statement of the 2024 Article IV Consultations Mission
GDP continues to recover thanks to strong stayover tourism and the reconstruction. Domestic imbalances have closed, with inflation declining towards 2 percent and the fiscal balance returning to a surplus in 2023, but the current account deficit remains high. An immediate solution is needed to resolve load shedding and, in the medium term, investments in renewable energy are strongly encouraged. Going forward, policies need to address long-standing structural challenges, including boosting medium-term growth, restoring the government’s competitiveness to recruit and retain talent, and dealing with mounting deficits in the healthcare insurance fund.
