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National Alliance Congratulates All Winners in Aruba’s Elections"

PHILIPSBURG:--- The National Alliance extends its heartfelt congratulations to all parties that secured seats in Aruba’s elections held on December 6th.

“To the AVP, under the leadership of Wendrick Cecilia, your success is a clear indication that the people of Aruba are ready to embrace fresh perspectives and leaders who step forward with new vision,” stated MP Doran.

To the MEP, under the experienced leadership of Prime Minister Evelyn Wever-Croes, congratulations on your continued trust from the people of Aruba.

A special acknowledgment to the Forturo Party and its leader, Gerlien Croes, for securing three seats and making an impactful entrance on the political stage.

We also commend the PPA for securing one seat in this competitive election.

These preliminary results, AVP with nine seats, MEP with eight seats, Forturo with three seats, and PPA with one seat, reflect a diverse and energized electorate. Most importantly, we applaud the people of Aruba for an impressive voter turnout of nearly 80%. The exemplary conduct and unity displayed throughout the electoral process were even more remarkable than the turnout.

As the National Alliance, we look forward to collaborating with all four parties at future IPKO meetings, fostering dialogue and cooperation that benefit the people of Aruba and the Kingdom as a whole.

Aruba, we love and celebrate your democracy. Congratulations once again from the National Alliance Party.

 


Road Repairs to Begin on LB Scott Road Tonight as part of the Asphalt Resurfacing Project.

roadclosure12082024PHILIPSBURG:---  This evening, Sunday, December 8, road repairs will commence on LB Scott Road as part of the ongoing asphalt resurfacing project. The work will begin at 7:00 p.m. and continue until 4:00 a.m. on Tuesday, December 17th, 2024.
During this time, there will be a one-way lane closure to facilitate the milling of the road. Vehicular traffic will still be able to pass, but drivers are urged to exercise caution and follow the instructions of traffic management personnel on-site. Emergency vehicles will be given preference and right of way at all times.
Additionally, small road repairs and work on other problem areas will start tomorrow,w December 9th, 2024, further contributing to the improvement of local infrastructure.
Key Details:
• Date & Time: Sunday, December 8th until Tuesday, December 17th, 2024 from 7:00 p.m. to 4:00 a.m.
• Location: LB Scott Road from Mortar Drive until Churchill Roundabout.
• Traffic Flow:
o One-way lane closure will be in effect.
o Vehicular traffic will still be able to pass.
o Emergency vehicles will have preference and right of way at all times.
• Work Details:
o Milling of the road as part of the asphalt resurfacing project.
We thank the public for their understanding and cooperation as we work to enhance the quality and safety of our roads.

 

Government of Honduras Receives its 1st Payout from CCRIF of US$4.67 Million following Excess Rainfall Event.

St. Kitts & Nevis:---  The Government of Honduras received a payout of US$4,665,090 within 14 days of an excess rainfall event that affected that country over the period November 14 to 19, 2024. The Government of Honduras joined CCRIF in 2024, purchasing parametric insurance coverage for excess rainfall, effective June 1, 2024. On receipt of the payout, Minister of Finance Christian Duarte delivered the following statement, "On behalf of the Government led by our President Xiomara Castro, we express our gratitude to CCRIF for the disbursement received under our excess rainfall policy, which was triggered due to the impacts and damages associated with Tropical Storm Sara. Without a doubt, this type of instrument strengthens financial resilience and, compared to others, it provides us with the ability to respond more immediately during the humanitarian assistance and rehabilitation phase of an emergency. Additionally, it enables us to reach our affected population promptly and effectively”.

In speaking to the payout, CCRIF CEO Mr. Isaac Anthony stated, “I am pleased that Honduras took the decision to join CCRIF and I look forward to continuing to engage with the Government as it accesses CCRIF parametric insurance as an effective means of closing the protection gap and strengthening the country’s public financial management framework. Access to excess rainfall parametric insurance and accompanying payouts when the policy is triggered will allow the Government the flexibility to begin recovery efforts immediately following a natural disaster. Payouts received within 14 days of an event can be used to address the country’s most urgent needs, including helping vulnerable populations or rehabilitating critical infrastructure among other areas.”

According to reports, the rainfall event in Honduras significantly impacted roads, cutting off several communities and negatively impacting many people.

Since its inception in 2007, CCRIF has made 78 payouts, approximately US$390 million. Since the start of the 2024/2025 CCRIF Policy Year which began on June 1, three of CCRIF’s four Central American members have received payouts for excess rainfall events. Earlier in November, the Government of Panama received a payout from CCRIF totaling US$26.7 million. At the start of the policy year in June, the Government of Guatemala received a full payout under its excess rainfall policy of US$6,376,184 following heavy rains that occurred in that country over the period June 13 – 19, 2024. On the Caribbean side, since the start of the policy year, CCRIF has made 10 payouts totaling US$84.5 million following Hurricane Beryl. The Government of Grenada received US$44 million under its tropical cyclone, excess rainfall, and COAST (for fisheries) policies. The water and electric utility companies of Grenada received payouts totaling US$11.5 million. The Government of Jamaica received two payouts under its rainfall and tropical cyclone policies totaling US$26.6 million. Other governments – Trinidad & Tobago, St. Vincent and the Grenadines, and the Cayman Turtle Conservation and Education Centre (a government-owned tourist attraction)- also received payouts.

When CCRIF was established in 2007, it originally provided parametric insurance coverage for tropical cyclones and earthquakes to 16 Caribbean member governments. Today, CCRIF has 30 members – 19 Caribbean governments, 4 Central American governments, 3 Caribbean electric utility companies, 3 water utility companies, and 1 Caribbean tourist attraction. Today, CCRIF makes available six parametric insurance products – the original two as well as parametric insurance products for excess rainfall and for the water and electric utility sectors as well as for the fisheries industry.

Nicaragua was the first Central American country to join CCRIF when COSEFIN1 and CCRIF signed a memorandum of understanding in 2015 to enable COSEFIN members to gain access to CCRIF’s parametric insurance products. Panama joined in 2018, and Guatemala in 2019.

CCRIF CEO, speaking from the 13th Conference on Comprehensive Disaster Management (CDM) in St. Kitts and Nevis, stressed that, “We are committed to improving the resilience of the Caribbean and Central America to climate change and natural hazards. By this we mean increasing the ability of governments and key sectors to reduce the negative impacts of natural disasters on their economies, communities and citizens. We view comprehensive disaster risk management (CDRM) as an integral component of sustainable and resilient development and view parametric insurance as a critical part of countries’ CDRM strategies. This commitment is explicit in our vision - a leading global development insurer, providing disaster risk financing products and services to our members to improve lives and livelihoods, building resilience and advancing sustainable development agendas”.

 

1Council of Ministers of Finance of Central America, Panama and the Dominican Republic

 

Ange Jessurun ignites passion for heritage with Faya Lobi: Celebrates successful book presentation and donation to Sint Maarten Library.

pjllibrary06122024PHILIPSBURG:--- The Sint Maarten Library recently hosted a well-attended book presentation featuring author Ange Jessurun and her work, Faya Lobi: 200-jaar vurige liefde in de diaspora. The event, held at the Adolphus Richardson Building, drew an enthusiastic crowd, creating an intimate and engaging atmosphere.
The presentation served as a dynamic platform for thought-provoking conversations about cultural heritage, family history, and resilience across generations in the diaspora. Ms. Jessurun shared insights into the rich history of her family and the inspiration behind her book, encouraging attendees to begin tracing and documenting their lineage before it becomes too late.
Faya Lobi is more than just a book—it is a profound exploration of legacy, love, and connection. It offers readers a unique perspective on the importance of understanding one’s roots and serves as a catalyst for personal reflection and discovery.
During the event, the library’s General Manager, Marc Marshall, graciously accepted three copies of Faya Lobi on behalf of the Sint Maarten Library. These donated books will soon be available to the community, adding significant value to the library’s collection.
Following the presentation, Ange Jessurun conducted a special virtual reading of the book’s introduction during a storytime event. This reading will air on Saturday, December 7, 2024, on the library’s social media platforms. Faya Lobi: 200-jaar vurige liefde in de diaspora is presented in Dutch and delves deeply into themes of ancestry and identity, offering a captivating literary experience for all viewers.
The Sint Maarten community is invited to join this enriching journey of history, heritage, and self-discovery. Do not miss this opportunity to celebrate the power of ancestry and connection with Ange Jessurun heartfelt and inspiring work.
For more information, follow the Sint Maarten Library on Facebook or contact the Sint Maarten Library at 1721-542-2970.

 

Result of 2.43% Sint Maarten Government Bond per December 6, 2024 of the Country of Sint Maarten.

WILLEMSTAD/PHILIPSBURG:---  The Centrale Bank van Curaçao en Sint Maarten has received subscriptions with respect to the 2.43% loan per December 6, 2024- 2049 of the Country of Sint Maarten for a total nominal amount of NAf. 132,000,000 at an issue price of 100.00%.
The Government of Sint Maarten has accepted the subscriptions at a price of 100.00%, at a yield of 2.43%. The nominal amount of the loan accepted is NAf. 132,000,000.
Settlement is due on Friday, December 6, 2024, at the Centrale Bank van Curaçao en Sint Maarten.
Willemstad, December 6, 2024
CENTRALE BANK VAN CURAÇAO EN SINT MAARTEN


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