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Despite continued growth prospects Heightened geopolitical tensions call for enhanced policy vigilance.

WILLEMSTAD/PHILIPSBURG:---  Following robust growth in 2025, economic activity is expected to continue expanding in 2026. However, the recent escalation in geopolitical tensions, particularly the ongoing conflict in the Middle East and its potential spillovers to commodity and financial markets, pose increasing risks to the outlook. “While the monetary union has demonstrated resilience, the external environment has become more turbulent. This calls for continued vigilance and clear policy priorities,” said Richard Doornbosch, President of the Centrale Bank van Curaçao en Sint Maarten (CBCS), in the March 2026 Economic Bulletin.
Sustained growth with an improved external position
The economies of the monetary union continued to perform strongly in 2025, with real GDP growth reaching 3.9% in Curaçao and 3.4% in Sint Maarten. Growth was driven mainly by strong tourism activity and its spillovers to sectors such as transport, trade, and construction. “The 2025 growth estimates for both countries reflect developments observed during the first three quarters of the year, driven by strong performances in tourism and construction, along with investment in tourism-related, real estate, and government infrastructure projects,” noted Doornbosch.
Looking ahead, growth is expected to remain positive but moderate in 2026, reaching 2.6% in Curaçao and 2.4% in Sint Maarten. In both countries, growth will continue to be supported primarily by tourism and related activities, while domestic demand is expected to remain positive, albeit at a more moderate pace. Inflation is projected to rise slightly in both countries, reflecting higher international oil and transportation costs. “Remarkable is the strengthening of the current account of the balance of payments with the deficit as percentage of GDP narrowing strongly to single digits for the first time since the inception of the monetary union in 2010, from 16.4% in 2024 to 9.2% in 2025, and to 7.2% of GDP in 2026,” he added.
Heightened geopolitical tensions pose risks to the outlook for the monetary union
However, the current outlook assumes that the conflict in the Middle East does not intensify further into a prolonged disruption. Such a disruption would place additional upward pressure on oil prices, insurance, and freight costs, while dampening domestic demand and tourism activity. “Scenario analyses in the Economic Bulletin indicate that an oil price shock could have substantial  

and persistent medium-term effects, leading to lower growth, higher inflation and a decline in gross official reserves,” warned Doornbosch.
Spillovers from other geopolitical developments, including the war in Ukraine and tensions involving the U.S. and Venezuela, continue to pose risks to the outlook. Trade policy uncertainty and the possibility of new tariff measures may weigh on global trade and investment, while slower-than-expected easing by the U.S. Federal Reserve (Fed) could keep global financing conditions tight and dampen capital inflows.
Policy priorities in the face of a turbulent external environment
In response to rising external risks, Doornbosch emphasizes the need for a focused and forward-looking policy agenda to strengthen resilience and support sustainable growth. Especially considering that as small, open, and highly import-dependent economies, both countries are vulnerable to disruptions in global trade, commodity prices, and external financing conditions.
According to Doornbosch, a key priority is to reduce the monetary union’s structural dependence on imported energy and external transport costs. Over the medium term, continued investment in renewable energy and critical logistics infrastructure, including storage and port capacity, would strengthen the monetary union’s resilience to external commodity and transport shocks. “At the same time, given that a renewed rise in inflation would affect vulnerable households most severely, governments should consider well-targeted temporary support measures for those relying solely on social benefits to cushion the impact on the cost of living, such as the food program introduced in Curaçao during the COVID-19 pandemic, while safeguarding fiscal discipline to preserve macroeconomic stability,” he explained. In this context, maintaining sound fiscal policies becomes increasingly important to ensure that these structural and social objectives remain sustainable over time.
Additionally, a public debt sustainability analysis for Curaçao and Sint Maarten included in the March Economic Bulletin highlights that, while debt remains manageable, current trajectories are vulnerable to external shocks. The analysis reinforces the need to maintain fiscal buffers through sustained current budget surpluses, where feasible, and to advance reforms in health care and social insurance systems to contain longer-term fiscal pressures. “Maintaining the credibility of the exchange rate peg to the U.S. dollar remains a key anchor for stability, requiring our continued monitoring of exchange-rate-related effects on inflation, competitiveness, capital flows, and financial vulnerabilities, while preserving sufficient official reserves. Sustained implementation of these policy measures will be essential to safeguard stability and support durable, sustainable growth in the monetary union,” concluded Doornbosch.
The complete text of the March 2026 Economic Bulletin is available on the CBCS website at
https://www.centralbank.cw/publications/economic-bulletins/2026


Willemstad March 27, 2026
CENTRALE BANK VAN CURACAO EN SINT MAARTEN


Police Conduct Control Operations; Multiple Arrests Made.

kpsm27032026PHILIPSBURG:--- The Police Force of Sint Maarten (KPSM) conducted targeted control operations on Thursday, March 26, 2026, as part of ongoing efforts to enhance public safety and maintain order in the community.

During these operations, a total of seven (7) vehicles were stopped and controlled, while approximately forty (40) individuals were subjected to stop-and-search procedures. As a result of these actions, one individual was arrested after it was discovered that he was wanted in connection with a case involving threats made against another person with a firearm.

Later in the evening, police attempted to stop two male suspects riding a scooter. During the attempted stop, the riders collided with another vehicle and fled the scene. After a brief search, both suspects and the scooter were located. The two individuals were arrested and transported to the police station, where they remain in custody for questioning.

During the arrest operation in the Dutch Quarter Middle Region, a third male attempted to interfere with police duties. Despite being instructed multiple times to leave the area, the individual refused to comply. He was subsequently arrested for hindering police operations and resisting arrest.

KPSM emphasizes that these types of control operations will continue, particularly during the Carnival season, to ensure the safety and security of all residents and visitors. The public is urged to cooperate with law enforcement officers at all times and to respect ongoing police activities.

Sint Maarten Strengthens Caribbean Voice at 39th Parlatino Assembly.

sarahwescottwilliams27032026Panama City, Panama:---  Member of Parliament Sarah A. Wescot-Williams represented Sint Maarten at the 39th Assembly of the Latin American and Caribbean Parliament (Parlatino), where regional leaders gathered under the theme: “For the Sustainability of Latin America and the Caribbean in a Changing World.”

During the Assembly, a significant development was the Board of Directors' approval to present a proposal to establish an interim commission focused on the Caribbean region of Parlatino. This initiative is expected to strengthen the voice and participation of Caribbean member states within the organization.

Addressing the Assembly, MP Wescot-Williams emphasized that although Sint Maarten is the smallest member of Parlatino in size and population, it faces challenges that are no less significant than those of larger countries.

“Our size does not shield us from risk. In many cases, it increases our vulnerability. This is why our presence and active participation in regional forums like Parlatino are essential,” she stated.

The MP underscored that Sint Maarten remains committed to regional cooperation, solidarity, and meaningful engagement, particularly amid global uncertainties and evolving challenges.

“More than ever, countries must come together beyond borders, raise their voices, and protect their communities in a rapidly changing world,” she added.

While noting Sint Maarten’s status as a constituent country within the Kingdom of the Netherlands, MP Wescot-Williams reaffirmed that the primary responsibility to the people of Sint Maarten rests with its Parliament.

Sint Maarten's participation in Parlatino continues to provide an important platform to advocate for the island’s interests, strengthen regional partnerships, and help shape policies that affect the Caribbean.

Constitutional Crisis Explodes in Sint Maarten: Prime Minister Accused of Power Grab, Retaliation, and Undermining Rule of Law.

lucajamubrugmartis27032026PHILIPSBURG: --- A deepening political crisis is shaking Sint Maarten to its core, as explosive allegations paint a picture of a government teetering on the edge of institutional collapse. At the center stands the Prime Minister, Dr. Luc Mercelina, now facing mounting claims of cronyism, abuse of power, and a direct challenge to the very constitutional safeguards designed to protect the nation.

What began as internal friction has erupted into a full-scale confrontation—one that now pits the Prime Minister against the Governor, civil servants, and even members of his own Council of Ministers.

The BIG Project Scandal: Favoritism Over Governance?

The crisis traces back to the controversial BIG project within the Ministry of Public Health, Social Development, and Labor (VSA). According to multiple accounts from individuals familiar with the matter, the Prime Minister allegedly crossed a dangerous line by sharing confidential bidding information with a personal associate and campaign supporter—an individual reportedly promised a position tied to the project.

When that preferred candidate failed to secure the contract through proper procedures, the situation allegedly spiraled into retaliation.

The Prime Minister is said to have blocked the project from reaching the Council of Ministers' agenda altogether—effectively stalling governance to serve personal interests. Even more troubling are allegations that he attempted—twice—to pressure VSA Minister Richinel Brug into altering official advice to align with his wishes, bypassing procurement laws and the strict conditions attached to funding from the Temporary Work Organization (TWO).

Minister Brug refused.

A Fabricated Approval and a Minister Who Would Not Bend

The controversy intensified when the Prime Minister allegedly sent correspondence to the head of TWO in the Netherlands claiming that Minister Brug had approved the altered proposal. That claim was swiftly and diplomatically contradicted by Brug himself, who made clear he had not bypassed any legal procedures nor engaged in unlawful conduct.

Rather than retreat, the Prime Minister reportedly escalated—going so far as to ask for Brug’s resignation.

Brug again refused.

In doing so, he has been cast by some observers as one of the few figures within government willing to resist what they describe as an alarming pattern of executive overreach.

Turning on the Governor: A Dangerous Escalation

Perhaps the most extraordinary—and constitutionally alarming—development is the Prime Minister’s public confrontation with the Governor.

The Governor is not a political adversary. As the Kingdom’s representative, his constitutional mandate is to safeguard good governance and prevent exactly the kind of crisis now unfolding.

According to those familiar with the situation, the Governor initially acted behind the scenes—warning that withholding ministerial advice and advancing a conflicted candidate could be unlawful and damaging to the country.

This was not interference. It was duty.

Yet the Prime Minister reportedly reacted with open hostility, asserting that as primus inter pares—first among equals—he should not be “instructed.” His subsequent public statements targeting the Governor have been widely interpreted as an attempt to undermine the very institution designed to keep executive power in check.

In any functioning democracy, such a move would be unthinkable.

Silencing a Witness? The Chief of Staff Controversy

As the scandal deepened, attention turned to the treatment of the VSA Chief of Staff Sueana Laville-Martis—an official allegedly central to documenting key developments in the BIG file.

Reports suggest she:

  • Drafted or reviewed critical correspondence
  • Raised concerns about potential legal violations
  • Indicated a willingness to report irregularities if necessary

Shortly thereafter, she was reportedly locked out of her government email and barred from government buildings.

The timing has raised serious questions.

Observers allege this was not administrative, but it was retaliatory. A calculated move to contain information and neutralize a potential whistleblower who may have documented actions that could prove deeply damaging.

A Government Under Siege—from Within

The situation is further complicated by allegations that political operatives were embedded within the VSA cabinet to gather information aimed at forcing Minister Brug out. If true, it would signal a level of internal political maneuvering that goes far beyond normal governance and into the realm of destabilization.

This is no longer a disagreement over policy.

It is a battle over control of the state apparatus.

Ignored Warnings, Repeating Patterns

This is not the first-time concerns about leadership decisions have surfaced. Earlier warnings regarding coalition instability were reportedly dismissed—only for the government to collapse within 17 days.

Now, critics argue, the same pattern is repeating:

  • Warnings raised
  • Institutions challenged
  • Legal boundaries tested
  • Crisis deepened

A Nation at a Breaking Point

Taken together, the allegations form a deeply troubling narrative:

  • A Prime Minister accused of manipulating processes for personal gain
  • A minister resisting pressure to act unlawfully
  • A Governor stepping in to prevent constitutional damage
  • A civil servant sidelined after raising concerns

This is not politics as usual. It is a constitutional stress test.

The Real Question: How Far Does This Go?

Why publicly attack the Governor—the very figure tasked with protecting the system?

Why sideline those who document and resist questionable actions?

Why risk international funding, institutional credibility, and public trust?

The answers may lie not in governance, but in control.

The Cost of Silence

For now, these remain allegations. But the consistency, detail, and escalation demand scrutiny that cannot be ignored.

Because when a government appears to turn on its own safeguards—when the rule of law is perceived as optional, and oversight as opposition—the consequences extend far beyond political fallout.

They strike at the heart of democracy itself.

Sint Maarten now stands at a crossroads.

What happens next will determine whether its institutions withstand this pressure—or whether the damage becomes irreversible.

 

Click here to read the letter Minister Brug sent to the Prime Minister regarding the BIG Legislation

13.5-year prison sentence for sexual offences against minors.

appealcourtverdict26032026PHILIPSBURG:--- The Court of Appeal has sentenced B.E.H.S. to 13 years and 6 months imprisonment for multiple sexual offences

committed against minors entrusted to his care, as well as for firearm possession and possession of narcotics.

The judgment was delivered on March 26, 2026, in higher appeal proceedings. The Court set aside the earlier judgment of the Court of First Instance, but arrived at

largely the same conclusions regarding the defendant’s guilt.

The defendant was found guilty of three counts of rape of minors entrusted to his care, committed repeatedly, one count of attempted rape of a minor entrusted to his care

his care, illegal possession of a firearm and ammunition, and possession of marijuana.

The Court established that the offences were committed over an extended period and involved multiple victims between approximately 5 and 11 years old. According

to the Court, the victims were in vulnerable situations and were brought to the defendant’s residence, where the abuse occurred, often during the night.

In determining the sentence, the Court took into account the seriousness and repeated nature of the offences. While the Court of First Instance previously

imposed a sentence of 17 years, the Court of Appeal found this to be excessive and determined that a sentence of 14 years was appropriate. Due to a violation of the

reasonable time requirement in the appeal phase, the sentence was reduced by six months, resulting in a total prison sentence of 13 years and 6 months


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