WILLEMSTAD — During October, the Dutch government will be redeeming an additional 11 million guilders on debts from the other collective sector (OCS). This was decided during the consultation of the political steering committee on September 30th.
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The Netherlands will redeem 100 percent of the debts and 70 percent of the interest. This is in conformity with the agreements on the debt-reconstruction during the transitional phase. Fines for the accelerated payments, to the extent of 70 percent, will be included in the redemption money to be paid by the Netherlands.
The Soab-report ‘Indebtedness Land November 30th, 2008’ forms the basis for the determination of the debts from the other collective sector. The redemption monies of the OCS-loans of the Land per October 2009, which qualify for debt-reconstruction, are a loan from the General Pension Fund Netherlands Antilles (Apna) to the Tax Accounts Bureau (BAB) for an amount of 1,063,076 guilders, a loan from the Maduro & Curiel’s Bank to the University of the Netherlands Antilles (UNA) for an amount of 4,880,670 guilders, and a loan from the Apna to the UNA for an amount of 5,095,425.
Therefore, a total amount of 11,039,171 guilders on loans will be redeemed.
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