Published On: Sun, Oct 7th, 2018

CFT: ‘Curaçao has too much red tape’

Photo Cft 4 october 2017WILLEMSTAD - The absence of economic growth after 10-10-'10 is mainly due to the extensive 'red tape', labor legislation and the relative 'high cost of doing business'.

Curaçao is therefore not attractive to investors. This is according to the Financial Supervision Board (CFT) in its annual report.

The strong emphasis on education in the local language creates a poor connection with further education abroad. In order to stimulate economic growth, the government and the civil service must become more professional.

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