CBCS on decline in official reserves Sound policy response needed. | SMN News

WILLEMSTAD/PHILIPSBURG:— “The deepening current account deficit of the balance of payments of the monetary union and gradual slippage in the gross official reserves require a sound policy response,” stated Bob Traa, the acting president of the Centrale Bank van Curaçao en Sint Maarten in the Bank’s 2018 Annual Report.

The deficit on the current account of the balance of payments widened in 2018 compared to
2017 as a result of a decline in the net export of goods and services, moderated by an increase in
the net current transfers received from abroad. “The net exports of goods and services dropped

To read more: http://www.smn-news.com/st-maarten-st-martin-news/32590-cbcs-on-decline-in-official-reserves-sound-policy-response-needed.html