Press release 2023-023
Giving insights into economic direction
CBCS developed new tool for medium term forecasting
WILLEMSTAD/PHILIPSBURG - With the help of the IMF’s Caribbean Regional Technical Assistance Centre (CARTAC), the Centrale Bank van Curaçao en Sint Maarten (CBCS) has co-developed a Macro Foundations Framework Tool to produce medium-term forecasts of key macroeconomic variables and assess policy options. From now on, the CBCS will include a medium-term (five year) outlook for Curaçao, Sint Maarten, and the monetary union in its Economic Bulletins of June and December.