Minister of Finance Shigemoto to seek clarification from CFT regarding St Maarten’s nominee for CFT

Honourable Minister of Finance Hiro Shigemoto says he will be seeking clarification from the board of the Committee for Financial Supervision CFT regarding comments made to the media last week Friday regarding the countries nominee for the CFT board. 

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The CFT in a press release summarizing its visit to Curacao, Sint Maarten and the BES islands, reportedly stated that, "Sint Maarten has not proposed a member as yet." referring to the countries representation on the CFT board, when the CFT gave an explanation with respect to which islands have representatives on the board since the dismantling of the Netherlands Antilles.

"I am at odds with this statement, and the Council of Ministers will be seeking clarity with respect to such a statement which is totally untrue and is misinforming the people of Sint Maarten. I’am sure it must be an oversight on the part of the CFT and they will clarify what they have stated publicly," Hon. Minister of Finance Hiro Shigemoto said on Sunday.

The Council of Ministers months ago submitted its candidate local businessman and Chairman of the Supervisory Board of Directors of the Sint Maarten Harbour Group of Companies Michel Soons, to the Hon. Minister of Kingdom Relations Piet Donner.

"At the moment Minister Donner has failed to submit the name to the Kingdom Council of Ministers for decision-making, and secondly, the Council of Ministers is still waiting to be informed of why this has not been done," Hon. Minister of Finance Shigemoto concluded.