Published On: Tue, Mar 29th, 2016

Ministers of Finance Curaçao and Sint Maarten still to meet about assets

Curacao Government CenterWILLEMSTAD, PHILLIPSBURG – The Ministers of Finance of Curaçao and Sint Maarten, Dr. Jose Jardim and Richard Gibson respectively are still planning to meeting about moving forward with the division of assets and liabilities of the former Netherlands Antilles.

St. Maarten is awaiting the pay of its share of the assets for quite some time now. However, Curaçao has queried some of the assets causing the process to stall. The St. Maarten Government has already committed the still-to-be accessed funds to serve its debts to, in particular, the Social Insurance Bank SZV and the General Pension Fund APS.

Minister Gibson told the press this week that he also plans to speak to Jardim about the management of the Central Bank of Curaçao and St. Maarten and the composition of the Central Bank’s supervisory board of directors.

St. Maarten and Curaçao continued their monetary union after both attained the status of country within the Dutch Kingdom on October 10, 2010. The union uses as it official currency the Netherlands Antilles guilder, the currency of the no longer in existence country that has comprised Curaçao, St. Maarten, Saba, St. Eustatius and Bonaire.

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