CBCS eyes ‘state-of- the-art’ central bank | THE DAILY HERALD

WILLEMSTAD–The Central Bank of Curaçao and St. Maarten (CBCS) in its strategic plan 2018-2020 seeks the monetary authority’s transformation to a “state-of-the-art” central bank on which one can rely.

The chosen course is the result of a dynamic environment, trends and developments worldwide as well as changing expectations from the financial sector. With its new ambitions, CBCS seeks a balance between its role as effective supervisor and advisory business partner for the financial sector and the governments of both countries in the monetary union.

Recently, the strategic plan was presented to the entire staff of the bank and stakeholders.
Its three focus areas are: the monetary stability of Curaçao and St. Maarten; a stable and competitive financial sector; and the development of a customer-friendly and innovative organisation.

These topics have been further developed in several strategic goals for the period 2018-2020. Currently, CBCS is taking the necessary actions to achieve the desired strategic course within the prescribed time limits.

“Commitment from our managers and staff, and the process of a sustainable cultural change are preconditions for the success of this strategic plan. We believe in our personnel and in our new strategy, which we fully embrace”, stated acting President Leila Matroos-Lasten.

This new plan is the product of a participative process, where several stakeholders provided their input. The role the central bank needs to play in these modern times was discussed from different perspectives. It is with the critical and valuable contributions of both internal and external stakeholders that CBCS has defined this new strategy, which can count on broad support.

“The people of Curaçao and St. Maarten will get to know a ‘state-of-the-art’ central bank with a customer-friendly and innovative image.”

In this way CBCS wants to better perform its core business as to ensuring the monetary and financial stability and promoting the competitive position of the financial sector. In doing so, the institute hopes to contribute to the community’s confidence and the social economic development of Curaçao and St. Maarten.

Source: The Daily Herald https://www.thedailyherald.sx/islands/78475-cbcs-eyes-state-of-the-art-central-bank