Philipsburg:--- Minister of Finance Hon. Hiro Shigemoto said the meeting that the Council of Ministers (CoM) had with the President of the Central Bank of Curacao and Sint Maarten (CBCS) E. Tromp last week Thursday was very informative.
The presentation was about the social economic impact of dollarization; dissolution of the monetary union; blueprint for the Central Bank of Sint Maarten; supervision financial sector Sint Maarten; and the Development Bank of Sint Maarten.
"The CoM had asked the CBCS several months ago to do some research into a number of areas of strategic economic importance that we needed additional information. We are very pleased with the information received as this will assist with decision-making," Minister of Finance Hon. Hiro Shigemoto said on Tuesday.
The CBCS President last week also made a presentation to the Sint Maarten General Pension Fund as well as to insurance agencies about investing.
Last week Monday the Minister of Finance and other dignitaries attended a dinner to commemorate the upcoming 184th anniversary of the Bank.
