Global overview of experiences in fintech development and administration: interim report on stakeholder perspectives regarding fintech and blockchain opportunities and risks in Aruba

Abstract

This interim report provides a comprehensive overview of stakeholder perspectives on the opportunities and risks associated with the development and administration of fintech, distributed ledger technology and artificial intelligence in Aruba. The Government of Aruba aims to diversify its economy away from its reliance on tourism by developing its information and communications technology (ICT) sector. The report is based on consultations with stakeholders from the public and private sectors, civil society and academia, conducted during an on-site mission in February 2025. Key findings highlight the potential for Aruba to become a base for export-oriented ICT services, leveraging its strong infrastructure and well-trained labour force. However, challenges have also been identified, including regulatory and institutional constraints, limited job opportunities and the risk of brain drain. The report emphasizes the need for a supportive regulatory environment and targeted initiatives to foster innovation and competition in the ICT sector, ultimately contributing to Aruba's economic diversification and resilience.