Published On: Thu, Jun 13th, 2013

Rosaria: Keep the discussion on Central Bank clean without political games

Alex RosariaWILLEMSTAD – Political party, PAIS recognizes the importance of a functioning Central Bank and Monetary Union between Curaçao and Sint Maarten and also fully supports any kind of research that can contribute to a better functioning of the Central Bank of Curaçao and Sint Maarten (CBCS).

In addition to the investigation carried out by the General Accounting Office, the governments of Curaçao and Sint Maarten also agreed on August 18, 2012 that an operational audit must be made for the functioning of the CBCS. This investigation is still ongoing and should certainly be awaited. “Don’t’ play a political game with the treatment of the report of the General Accounting Office on the CBCS in Parliament just to demonize one person (President of the Central Bank),” PAIS leader warns.

"We must realize that there is a lot at stake," said Rosaria. Very soon, in November, Curacao should report (follow-up) to the Caribbean Financial Action Task Force (CFATF) on how Curaçao is  dealing with the fight against money laundering and terrorist financing. As regards to the fight against money laundering and financing of terrorism, the CBCS plays an important role. The CBCS is the organization that supervises the financial institutions in Curaçao and Sint Maarten. Curaçao has barely achieved a good result during the previous evaluation. One of the reasons was the disagreements between the Government and the Central Bank president. “It does our country no good to publicly fight on these issues. We must definitely avoid this now," Rosaria said.

According to Rosaria we should better put our energy into determining a position on the monetary union. Rosaria: “Do we step out of the union or we finally find a way for Curaçao and Sint Maarten to align and harmonize their financial and economic policies with each other? What solutions do we offer to the growing payment balance problems? How do we implement the recommendations of the CFATF that Curaçao remains attractive and growing as an international financial services center. These are things we should focus our attention on. PAIS does not participate in witch hunt.”

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