Aruba central bank keeping an eye on government deficit
Caribbean central bank says borrowing from the domestic market could put pressure on international reserves
The Central Bank of Aruba has voiced concerns regarding how the government has financed the deficit in 2017, says a report published by the International Monetary Fund.
According to the fund’s latest Article IV consultation, central bank authorities are worried the government’s borrowing from the domestic market could crowd out credit to the private sector and put pressure on international reserves.
“They believe the situation warrants close monitoring,” IMF staff note in the report.
Over the
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