St. Maarten News – A lot of discussion about the Central Bank of Curacao and St. Maarten is bad for the investment climate, says the chairman of the board for financial supervision Cft, Age Bakker. “It would be good if there came a solution for this,” he said during a press conference in Curacao.
The Financieele Dagblad wrote on June 10 that the Dutch National Bank questions the integrity of its-fellow supervisor in Curacao. It is allegedly such a mess that the DNB has asked and obtained competencies to act on the territory of the Central Bank. The Bank’s President Emsley Tromp has contested the position of the DNB.
The Cft hosted the press conference to discuss Curacao’s financial position. The country closed off the year 2015 with a slight surplus after a significant donation to the so-called swing fund.
Curacao’s budget is balanced for the third year in a row, though investments remained below budget, the Cft pointed out.
“For the complete handling of the financial dossiers it is important that the parliament soon handles financial legislation,” the Cft said. The supervisor mentioned in particular the ordinance that regulates the performance of government-associated entities and the annual accounts of 2012 and 2013.
Source: Today SXM “Discussions about Central Bank harm the investment climate”