WILLEMSTAD – The Central Bank of Curaçao and Sint Maarten (CBCS) has identified the persistent current account deficit as a major structural vulnerability requiring deeper analysis between 2026 and 2028.
The deficit, which averages around 17 percent of GDP, is largely driven by heavy dependence on imported goods, particularly food and fuel, and limited export diversification. While tourism generates foreign exchange, high import leakage continues to weigh on external sustainability.
The CBCS will study tourism revenue leakages, the role of foreign direct investment, regional trade opportunities and remittances, as well as the impact of global commodity price shocks. The findings are expected to inform monetary policy decisions related to reserve management and external stability.