Centrale Bank van Curaçao en Sint Maarten tightens monetary policy. | SMN News

Willemstad/Philipsburg:— The Centrale Bank van Curaçao en Sint Maarten (CBCS) considers it prudent to preventively stabilize the gradual decline in the gross official reserves and import coverage. This will provide room to the governments of Curaçao and Sint Maarten to implement strong economic policies, including a gradual and sustainable reduction of the budget deficits and the introduction of structural reforms directed at a strong competitive position for sustainable export growth and mitigation of import growth. Consequently, the deficit on the current account of the balance of payments can be reduced and the foreign exchanges reserves strengthened.

The gross official reserves

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