Published On: Mon, Jun 27th, 2016

Age Bakker appointed as councilor at Council of State

BakkerTHE HAGUE, WILLEMSTAD – Professor Age Bakker has been appointed as State Councilor Extraordinaire at the Council of State of the Dutch Kingdom.

His appointment is related to the independent budgetary surveillance in the Netherlands and advising on the national budget.

The 66-year-old Bakker was one of the directors at the Nederlandsche Bank (Dutch Central Bank), who later became executive director at the International Monetary Fund. He is currently chairman of the Financial Supervisory Committee in the former Netherlands Antilles.

In the latter function Bakker is committed to a sustainable public financial management. In March 2014 he advised the Kingdom Council of Ministers to free Curaçao from the financial guardianship, a measure which he himself two years earlier had insisted on. The then Prime Minister Gerrit Scholte refused to cut spending, which caused  the budget deficit to rise even more.

In 2007 Bakker was appointed executive director at the IMF. At that time, he spent many visits to the Eastern European countries which he represented in Washington. On one hand, he arranged large loans for these countries, on the other hand, he was the first to point them to their obligations. Because according to Bakker there had to be a sound reform program parallel to emergency loans.

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