Curaçao and Sint Maarten

The technical assistance aimed to enhance the Financial Stability Report (FSR) of the Central Bank of Curaçao and Sint Maarten. It reviewed the 2023 FSR and discussed the report's composition and the related financial stability analyses and assessments. In particular, the mission helped the team to estimate sectoral credit risk models using the Bayesian Model Averaging, enhancing the forward-looking element of the report. The mission concluded that the FSR could be further streamlined following the central story with the key messages. Furthermore, developments in the analytical toolkit could further enhance the report quality.