The governmentas plans to reform the tax system and administration are well founded. The Central Bank of Aruba is to be commended for its prudent management of monetary policy, as demonstrated by the continued credibility and strength of the peg to the U.S. dollar, buttressed by a robust foreign reserve position. There has been significant progress in expanding and strengthening the supervisory and regulatory framework of financial activities. Renewed initiatives on structural reforms will improve efficiency in the use of resources and attract strategic investment.... on the Executive Board Discussion; and Statement by the Authorities of the Kingdom of the Netherlands-Aruba International Monetary Fund ... Strengthening prudential requirements would place the banking system in a better position to withstand external shocks and ... Staff emphasized that, as a guide, the pace of financial liberalization should be attuned to the increasing robustness of the bankinganbsp;...
|Title||:||Kingdom of the Netherlands-Aruba|
|Author||:||International Monetary Fund|
|Publisher||:||International Monetary Fund - 2001-09-07|