GREAT BAY, Sint Maarten (GIS) – Honorable Prime Minister Sarah Wescot-Williams, on Friday morning met with the Board of AMFO (Stichting Antilliaanse Medefinancierings Organisatie).
AMFO finances projects of Non-Governmental Organizations (NGOs) that need financing in order to realize their projects. The general goal is to promote social development, society’s self development and innovation.
AMFO aims at achieving a structural solution for poverty and social exclusion.
Since January 1, 2011, AMFO will only fund new projects for Sint Maarten and Curacao which are eligible for financing.
Where it pertains to the BES islands of Bonaire, St. Eustatius and Saba, AMFO is primarily only monitoring programs on those islands which now are public entities of The Netherlands.
At the end of 2012, funding for Curacao and Sint Maarten from AMFO will be discontinued. Consideration must be given on how future social development projects and programs will be financed.
There are several other institutions on the island that provide funding for social projects, such as Reda Sosial and Stichting Samenwerkende Fondsen.
The Prime Minister described the meeting as informative and is looking forward to meeting with the AMFO Board in the future to continue discussions related to social development projects.
AMFO was founded in 2002 and became operational in 2004. AMFO was re-organized between October 2005 and December 2006 and has been operational in its new format since May 2007.