Commissioner of Economic Affairs Maria Buncamper-Molanus recieved the draft MOU which will be signed between the Island Government and labor representatives and the Private sector of St. Maarten regarding measures to mitigate the negative effects of the global financial crisis. The MOU was presented by President of the Chamber of Commerce Glen Carty and Vice President Ludwig Ouenniche. Buncamper Molanus explained that government will now evaluate the draft and set a date the economic summit in cooperation with the Chamber. although the Island Government has already taken steps addressing the world wide economic slowdown, the further goal of the MOU is to mitigate the effects of said crisis on the economy of St. Maarten, detailed in a concrete plan of action, and ensure economic growth and prosperity for St Maarten and its citizens in the short, medium, and long term.