We should not consider the improved situation on the balance of payments in 2013 as a reason to lessen our efforts to address the imbalances on the current account. After all, the current account deficit as a percentage of GDP is still too high.
In this context, we must realize that the deployment of monetary tools can bring only a short-term solution to a structural problem. The situation on the balance of payments can be structurally improved only if both Curaçao and Sint Maarten take the necessary actions.