“HIGH FISCAL DEFICITS POSE RISK TO DEBT SUSTAINABILIY”

~Multiannual plan crucial for restoring a balanced budget~

Willemstad/Philipsburg:--- As in most countries in the world, the public finances in Curaçao and Sint Maarten deteriorated considerably in 2020 on the back of the COVID-19 pandemic. President of the Centrale Bank van Curaçao en Sint Maarten (CBCS) Richard Doornbosch stated in the CBCS 2020 Annual Report that in both countries the current budget deficit widened significantly in 2020 compared to 2019, due to a decline in government revenues combined with an increase in expenditures. In add...

Read more...

“CURAÇAO AND SINT MAARTEN SEE A MODERATE RECOVERY IN 2021”.

Real GDP growth rate of 0.1% in Curaçao and 3.4% in Sint Maarten
Willemstad/Philipsburg - In 2020, the world economy was hit severely by the COVID-19 pandemic and measures implemented to contain the spread of the virus. As a result, real output dropped in both the advanced and emerging & developing economies. The monetary union of Curaçao and Sint Maarten also was deeply affected by the pandemic. “Even though both countries were relatively successful in containing the local spread of the coronavirus through stringent measures, this success c...

Read more...

The population frustration has its limits.

MARIGOT:--- The deteriorating social climate at the Collectivité is evident:

• The absolute personalization of presidential power,
• The establishment of a new class of arrogant and disrespectful technocrats at the top ranks of the local administration from metropolitan France.
• The unhealthy divide between “the class at the top and the class of inferior local employees at the bottom”,
• The squandering of public money,
• Failure to respect the fundamental rights of workers …
Faced with this unprecedented situation, we are entitled to ask ourselves ...

Read more...

Construction firms, Builders and Trenching Contractors must be Prepared & have Storm-Ready Plans.

PHILIPSBURG (DCOMM):--- The Ministry of General Affairs Fire Department/Office of Disaster Management (ODM), is appealing to the building sector, to have storm-ready plans in place for the 2021 Atlantic hurricane season.
Construction activities, trenching, and excavation works, are taking place throughout the country, and at building and construction sites, materials and debris laying around could pose a threat in the event of a storm/hurricane threat to the nation.
It has already been forecast that the 2021 Atlantic hurricane season will be a bu...

Read more...