Prime Minister Wescot-Williams says speedy resolution of situation in the best interest of the bank

Honourable Prime Minister Sarah Wescot-Williams, Hon. Vice Prime Minister Theo Heyliger and Hon. Minister of Finance Hiro Shigemoto, on Friday met with President of the Central Bank of Curacao and Sint Maarten (CBCS) Emsley Tromp with respect to the current state of affairs regarding the financial institution. 

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"The Council of Ministers has been closely following developments in Curacao. The situation is a very sensitive one in Curacao and we would like to see a speedy resolution," Prime Minister Sarah Wescot-Williams told the Department of Communication (DCOMM) on Sunday.

The Prime Minister added that the Council of Ministers will be meeting in the new week for a strategic session which includes a meeting regarding the country’s position on monetary matters.

Central Banks are the guardians of the financial system of a country. It is a public institution that issues the currency, regulates the money supply, and controls the interest rates in a country.

With respect to Sint Maarten’s nominations, the Council of Ministers ratified the nominations on December 14 and April 19. The countries nominees are Jairo Bloem, Robbie Ferron and Marciela Illidge. The Prime Minister drafted a letter mid-May and sent it to the Governor regarding the countries nominees for the supervisory board of directors.

Regarding the position of chair person, the bank charter stipulates that this should be a joint decision and it was agreed that the finance ministers will consult further on this.

The CBCS on Friday was represented by its President Emsley Tromp who was accompanied by Romero and Haselmeijer.