Published On: Fri, Oct 2nd, 2015

Cft: “It’s time for the private sector to take some risks”

Age Bakker (2)WILLEMSTAD – For the third year in a row, the government of Curaçao has been doing its utmost to increase economic activities and to improve the confidence in the economy of the island. The government has borrowed a lot of money to invest in the economy. There are many very interesting projects waiting for investment. This is according to the Committee for Financial Supervision (Cft) during their recent visit to the island.

The Cft believes that it is now time for the private sector, and especially the banks, to take some risks and contribute to their share in the economy.

“They can demonstrate a little bit of confidence instead of standing on the side while saying that they still don’t have confidence,” says Cft Chairman, Agge Bakker.

According to Bakker they Cft has visited many projects during their stay on the island. Projects such as the mega pier, the new wharf and the container crane. All these projects are from the Curaçao Ports Authority (CPA). Bakker hopes that the government will soon make a decision on these projects, because they will help to give an impulse, which is so desperately needed.

Click Tag(s) for Related Articles: