End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. This mission will not result in a Board discussion.
COVID-19 pandemic is inflicting major economic damage in both Curaçao and Sint Maarten. GDP is projected to drop by 23 percent in Curaçao and 25 percent in Sint Maarten, wielding a major impact on fiscal revenue, social security systems, and balance sheets in all sectors.