Published On: Mon, May 26th, 2014

Association of International Bankers (IBA) provides development strategy international banking to Minister of Finance

Minister Jardim & presidente di IBA Arthur Adams mei 2014WILLEMSTAD - Association of International Bankers (IBA) has recently released its report "The International Banking Industry on Curaçao: How to Create a Sustainable Competitive Advantage" and presented it to the Minister of Finance, Dr. Jose Jardim.

IBA, as an association, represents the interests of the international banking system in Curacao. The report describes the state of the international banking sector on the island as well as the importance of this sector to the Curaçao community and also proposes a strategic direction, including alternative solutions, to promote the sector. These proposed actions are urgently needed to halt the further departure of international banks in Curacao and to attract fresh international banking activities.

In recent years, a number of reputable banks left the island. As a result, the position of the island, as an international financial center, has deteriorated. To strengthen the international competitiveness of the island, it is important that the island attracts, among other, leading international banks. This report should therefore be seen as a total package to give a major and important impulse to the international financial services sector.

Minister Jardim has indicated, in receiving the report, that he will study the recommendations and will provide, where needed, his assistance. Moreover, this happy meeting will be followed by a regular meeting with representatives of the IBA to discuss further developments in the international banking sector of Curacao.

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