Page 32 - bon-dia-aruba-20200530

a32 local
Saturday 30 May 2020

Central Bank of Aruba:

MONEY SUPPLY EXPANDED

Summary of the Monthly Bulletin of March 2020

ORANJESTAD — Monetary devel- The decline in government rev-
opments: Compared to February enue resulted from decreases in
2020, money supply expanded in tax revenue (-Afl. 8.4 million) and in
March 2020 by Afl. 11.0 million to non-tax revenue (-Afl. 0.1 million).
Afl. 4,700.6 million, resulting from
increases in both the net foreign The reduction in tax revenue was
assets (+Afl. 8.1 million) and the net mainly driven by decreases in in-
domestic assets (+Afl. 2.9 million). come from income tax (-Afl. 2.5
The net foreign assets of the bank- million), import duties (-Afl. 2.1 mil-
ing sector rose due to net purchas- lion), wage tax (-Afl. 1.6 million), ex-
es of foreign exchange from the cises on beer (-Afl. 1.4 million), and
public (+Afl. 198.7 million), mainly excises on liquor (-Afl. 1.3 million).
associated with foreign exchange In contrast, income from profit tax
revenue from tourism exports. (+Afl. 1.7 million) and excises on to-
These were largely offset by net bacco (+Afl. 1.1 million) increased.
sales of foreign exchange to the (+Afl. 16.2 million) and a decrease were the “Recreation and Cul-
public (-Afl. 190.6 million), mostly in the claims of the banking sector ture” and “Food and Non-Alco- Tourism
related to payments for goods im- on the private sector (-Afl. 13.5 mil- holic Beverages” components. The Please note that figures on stay-
ports and other services. lion). Loans to enterprises (-Afl. 15.7 12-month average inflation rate over tourism were not available at
million) and consumer credit (-Afl. was 4.6 percent in March 2020, un- the time of publication of this bul-
The growth in the domestic com- 0.8 million) decreased, while hous- changed compared to February letin.
ponent of money supply resulted ing mortgages (+Afl. 2.8 million) in- 2020.
from increases in domestic credit creased. For further information or a more
(+Afl. 2.7 million) and in the non- Government detailed analysis, visit the web-
credit related balance sheet items Inflation Total government revenue site (www.cbaruba.org) or con-
(+Afl. 0.2 million). The rise in domes- The consumer price index (CPI) for amounted to Afl. 76.2 million in tact the Statistics Department of
tic credit is attributed to an expan- March 2020 noted a 3.5 percent March 2020, Afl. 8.5 million less than the Centrale Bank van Aruba, tel.
sion in the net claims of the bank- increase year-over-year (YOY). The the same month of the previous +297-525-2100, e-mail statistics.de-
ing sector on the public sector main contributors to this increase year. partment@cbaruba.org.q

UNESCO’s COVID-19 Education Response

tion Group Latin America and the Caribbean.

The following questions will be addressed:
• What is the impact of COVID-19 on gender and its implications on
education?
• What efforts are Caribbean countries making to respond to the
challenges?
• What actions (immediate, medium and long term) are needed to
ensure Caribbean countries make progress towards gender equity
and equality in times of crisis?
• Objectives:
• To discuss the main impacts and challenges associated with gen-
der during the COVID-19 education disruption in the Caribbean
region.
• To share experiences on how to address the negative gender con-
sequences for boys and girls in the Caribbean region, as well as
strategies to support the education sector during the pandemic.

ORANJESTAD — UNESCO, in collaboration with the Regional Education The webinars will address different topics, but all will consider strate-
Group for Latin America and the Caribbean, launched on 17 April a gies to:
biweekly series of knowledge exchange and policy dialogue under • maintain the continuity of learning, especially for underprivileged
the title “SDG-Education 2030 Webinar Series for Latin America and children and youth; and
the Caribbean: Leaving no one behind in times of the COVID-19 pan- • ensure all students return to school when schools reopen
demic”.
Each webinar can be accessed online and will include several expert
The third webinar of the SDG-Education 2030 series that focus on the presenters from different parts of the world. A moderator will facilitate
Caribbean takes place coming Tuesday, June 2nd, 11:00 (GMT-4). The the discussion between the presenters and the audience. If you would
discussion will bring together education partners from key public and like to propose a topic or speaker, please write to COVID19taskforce@
private institutions, to talk about the significant impacts of COVID-19 unesco.org(link sends e-mail). All webinars will be held in English. Ma-
on Gender and Education. chine transcriptions will be available in Arabic, Chinese, French, Rus-
sian and Spanish, which means that speakers of non-English languag-
This Caribbean webinar series is organized in partnership with The Ca- es will have the possibility of seeing captioned text in a language of
ribbean Community (CARICOM) Secretariat and the Regional Educa- their choice. q