September 27, 2024 Technology group Wärtsilä has again been contracted by Aqualectra, Curaҫao’s government owned utilities company, to provide Engineering, Procurement and Construction in support of the country’s decarbonisation program.…
Category: CURACAO
Kingdom of the Netherlands-Curaçao and Sint Maarten: 2024 Article IV Consultation Discussions-Press Release and Staff Report
September 20, 2024 Curaçao and Sint Maarten experienced a vigorous post-pandemic recovery. Growth was underpinned by strong stayover tourism, which is outperforming Caribbean peers. Headline inflation has declined rapidly, notwithstanding…
Curaҫao takes important step towards a sustainable energy future with Wärtsilä Battery Energy Storage System
May 21, 2024 Technology group Wärtsilä will supply the Caribbean island of Curaҫao with a 25 MW / 25 MWh Battery Energy Storage System (BESS). The system will enable the…
Kingdom of the Netherlands-Curaçao and Sint Maarten: 2023 Article IV Consultation Discussions-Press Release; and Staff Report
August 1, 2023 Curaçao and Sint Maarten, which form a monetary union (Union), are recovering from the pandemic and earlier shocks. Substantial tourism recoveries in both economies supported robust growth…
Kingdom of the Netherlands – Curaçao: Staff Concluding Statement of the 2023 Article IV Mission
June 2, 2023 Curaçao’s economy is recovering on strong tourism growth and sizeable private investment. Realizing Curaçao’s significant economic potential requires a strong development strategy supported by buy-in from stakeholders.…
Kingdom of the Netherlands-Curaçao and Sint Maarten: 2022 Article IV Consultation Discussions-Press Release; and Staff Report
August 12, 2022 The economies of Curaçao and Sint Maarten are recovering from the pandemic but facing multiple challenges, including spillovers from the war in Ukraine. Curaçao was in a…
Damen and Curacao Plan Investments for Caribbean’s Largest Shipyard
August 2, 2022 Investments for the facilities at Damen Shiprepair Curacao, the largest shipyard in the Caribbean, are expected to proceed shortly. The shipyard located on Curacao near the coast…
Kingdom of the Netherlands – Curaçao and the Monetary Union of Curaçao and Sint Maarten: Staff Concluding Statement of the 2022 Article IV Mission
June 7, 2022 Curaçao is recovering from the pandemic but faces multiple challenges, including strong inflation pressures stemming from the war in Ukraine. Policies need to be calibrated to support…
KINGDOM OF THE NETHERLANDS—CURAÇAO AND SINT MAARTEN 2021 ARTICLE IV CONSULTATION DISCUSSIONS— PRESS RELEASE; AND STAFF REPORT
August 27, 2021 Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. In the context of the 2021 Article IV…
Curaçao and Sint Maarten: Staff Concluding Statement of the 2021 Article IV Mission
June 22, 2021 The COVID-19 pandemic inflicted another major shock on the economies of Curaçao and Sint Maarten. Despite the substantial response measures financed by The Netherlands, the economic contraction…
Andersen Global Expands Into Four Caribbean Countries With CATC-HCC
June 18, 2021 Andersen Global enters into a Collaboration Agreement with tax and advisory firm CATC-HCC, bolstering its presence in the Caribbean with four additional locations in Aruba, Bonaire, Curaçao…