Published On: Thu, Jul 25th, 2013

Tromp: ‘major investment needed’

Emsley TrompWILLEMSTAD - President of the Central Bank of Curaçao and Sint Maarten, Emsley Tromp, has warned that the minimum economic growth is not sufficient for sustainable development and a sustainable environment. Tromp indicated this during his annual press conference.

There is still a forecast for Curacao of a shrinking of seven-tenth percent for this year. In 2014 there will be a slight increase of one-tenth percent. The real growth can go up to 1.1 percent if for example the Government finally starts with the construction of the new hospital. Tromp stressed that there should be major investments from the Government and the private sector to stimulate the economy. This also applies to Sint Maarten. But it has to be within the limits stipulated by the Financial Supervision Curacao and Sint Maarten set by the Kingdom Ordinance. But it can coexist, according to Tromp.

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