Published On: Tue, Mar 25th, 2014

Minister Palm to Korpodeko: “Consider following the same path”

korpodeko-1WILLEMSTAD – The Minister of Economic Development, Stanley Palm had the meeting with the board of Directors of the Curacao Development Bank, Korpodeko recently. During this meeting the Minister asked the bank to consider following the same path as the government to achieve economic development.

Korpodeko is an independent financial institution and falls under the supervision of the Central Bank of Curacao and Sint Maarten. The Minister indicated that if the government develops a plan to implement the TAC report, which indicates that the focus should be on the technology (IT), cultural and tourism sector, then the question is should the bank have the same focus as the government.

“It would be more interesting if the development bank follows the same path as the government to help develop the Curacao economy and lead it in the right direction,” the Minister declared.

“If companies in certain sectors, which can contribute to our economic development, can rely on a policy that gives them preference, then they can help with the total financial growth of the island,” Palm said.

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