~Tourism remains the most important pillar~
WILLEMSTAD/PHILIPSBURG:--- “Soaring international commodity prices underscore the vulnerabilities on the balance of payments of the monetary union,” cautioned Centrale Bank van Curaçao en Sint Maarten (CBCS) president Richard Doornbosch in the Bank’s June 2022 Economic Bulletin. “As small and open economies, Curaçao and Sint Maarten are very dependent on imports. Consequently, increases in import prices, all other things being equal, will result in a higher deficit on the current account of the balance of payments. At approximately 17% of GDP over the past decade, the deficit on the current account of the balance ...
To read more: https://www.smn-news.com/index.php/st-maarten-st-martin-news/40739-green-destinations-silver-quality-coast-award-for-saba.html
