Published On: Fri, Jan 15th, 2016

Sint Maarten: Curaçao is delaying inventory distribution Netherlands Antilles

sxm-Richard-GibsonWILLEMSTAD, PHILLIPSBURG - The transfer of Sint Maarten’s share of the assets and liabilities of the dismantled Netherlands Antilles has again been delayed because of new questions of Curaçao on the cost of real estate.

This was announced by St. Maarten's Finance Minister Richard Gibson yesterday at a press conference

The negotiations on the division of assets and liabilities has been running since October 2010, when the Netherlands Antilles was dismantled and Curaçao and St. Maarten became a country.

Minister Gibson argued that the transfer, and also the funds, has resulted in problems because Curaçao wants certain things to be reviewed. Curaçao raises questions about the value of real estate, including the evaluation of the prison of 40 million guilders. This will first be examined before the transfer can proceed.

St. Maarten and the Netherlands, according to Gibson, all agree on the division of assets, as opposed to Curaçao.

In anticipation of the asset transfer to St. Martin, the Finance Minister said that there is a "promise" that was made in the draft budget 2016 that the funds would be used to alleviate the growing financial obligations of the country.

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