Cft: significant deterioration finances in third-quarter
WILLEMSTAD - The Board of Financial Supervision (Cft) announced in a letter to Minister of Finance Kenneth Gijsbertha that the financial situation of Curaçao in the third quarter has deteriorated considerably. The More...
Evaluation committee Kingdom Act financial supervision visits the Governor
WILLEMSTAD - On 8 November the evaluation committee of the Dutch Financial Supervision Act paid a courtesy visit to the Governor of Curaçao, Her Excellency Lucille George-Wout. In accordance with Article 33, seventh More...
CFT asks about salary cut of St. Maarten politicians
THE HAGUE - The Committee for Financial Supervision CFT wants to know when the St. Maarten government intends to carry out the earlier promise to cut the salaries of ministers and members of Parliament by ten per More...
St. Maarten: Concrete measures are needed for financial recovery
Challenges to prevent debt position from becoming unsustainable PHILIPSBURG - Sint Maarten recently presented the Financial Recovery Plan. According to that plan, budget surpluses will be accomplished as of 2021 More...
Cft chairman Raymond Gradus: “Bonaire is not adequately implementing legislation, threat of escalation ensues”
KRALENDIJK - The Board of financial supervision Bonaire, Sint Eustatius and Saba (Cft) has called on both the Executive Council and the Island Council to demonstrate more decisiveness. The Cft has been stating for More...
Cft: About time that Curaçao addresses sustainable public finance
Newly-made agreements government and Cft have to turn the situation around WILLEMSTAD - Considerable effort has been made to balance the 2018 budget, however the multi-year budgetary problem of Curaçao still is More...
CFT: ‘Curaçao has too much red tape’
WILLEMSTAD - 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. More...
Russell Voges appointed in Board of financial supervision Curaçao and Sint Maarten (Cft)
PHILIPSBURG, THE HAGUE - On September 28th, 2018 the Council of Ministers for the Kingdom agreed on the intention to propose Mr. Russell Voges to the King as a member of the Board of financial supervision Curaçao More...
Gijsbertha guarantees dividend payment UTS to the government of Curaçao
WILLEMSTAD - No special provision needs to be made for the dividend payment of the telecommunication company UTS. The government writes this in its letter to the Council for Financial Supervision (CFT). The institution More...
CFT criticizes Curaçao for poor communication; Minister disagrees
WILLEMSTAD - The criticism from the Council for Financial Supervision (CFT) that the communication between Curacao and the CFT is bad was denied by the Minister of Finance Kenneth Gijsbertha. But Gijsbertha does More...
