WILLEMSTAD – The government of Curaçao has received a positive recommendation from the Financial Supervision Council (Cft) for a loan of over 115 million guilders, intended for strategic investments in infrastructure, public safety, education, and digitalization. The approved amount is part of the 2025 draft budget. 

The government’s total loan request amounts to 159 million guilders, but the remaining 33 million will only become available pending formal approval of a budget amendment by Parliament (the Staten). 

Major Infrastructure and Digital Investments 

The largest portion of the approved loan—50 million guilders—is earmarked for road maintenance and management. Another 25 million guilders will be used to connect Curaçao to the CELIA Subsea Cable System, enhancing the island’s digital resilience and connectivity. 

Additional funds are allocated for: 

Renovation of government buildings 

Educational materials such as textbooks 

Equipment for the Coast Guard and fire department, including new fire trucks 

Construction of a crisis management center 

Fiscal Responsibility and Oversight 

According to the Cft, the proposed investments meet the criteria of the System of National Accounts (SNA) and do not breach debt service limits. The Ministry of Finance has confirmed that all interest and repayment obligations have been fully incorporated into the national budget. 

The Ministry also emphasized its ongoing oversight of project implementation, ensuring that funds are used effectively and responsibly. 

The loan is expected to play a crucial role in modernizing Curaçao’s infrastructure and public services, while also boosting long-term economic resilience.