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CBCS prepares for other currency

CBCS prepares for other currency
curacaochronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from curacaochronicle.com Daily Mail and Mail on Sunday newspapers.

The Netherlands to use IMF to improve Curaçao s financial and monetary system

The Netherlands to use IMF to improve Curaçao s financial and monetary system
curacaochronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from curacaochronicle.com Daily Mail and Mail on Sunday newspapers.

The Daily Herald - St Maarten, the Netherlands reach accord

St. Maarten, the Netherlands reach accord THE HAGUE St. Maarten and the Netherlands signed an accord on Tuesday with regard to the conditions for liquidity support, Dutch State Secretary of Home Affairs and Kingdom Relations Raymond Knops announced.   Knops and St. Maarten Prime Minister Silveria Jacobs put their signature under the political agreement in a virtual setting around 10:00am St. Maarten time, 3:00pm Dutch time after several weeks of talks. St. Maarten was the last Dutch Caribbean country to reach an agreement with The Hague. Curaçao and Aruba already signed a deal on November 2 and 13 respectively.   The urgency is high because St. Maarten is in dire needs of liquidity so it can comply with its basic financial obligations. Under this agreement, St. Maarten will immediately receive NAf. 61.2 million (30.6 million euro) in liquidity support for the third tranche, covering the period July 1 until December 31. The agreement will also pave the way for future tranches.

St Maarten: Majority of MPs lend support to Dutch financing agreement

St. Maarten: Majority of MPs lend support to Dutch financing agreement PHILIPSBURG - Despite several harsh statements, a majority of Members of Parliament (MPs) on Monday threw their support behind Prime Minister Silveria Jacobs to accept the Netherlands’ proposal for further financial assistance and the creation of the Caribbean Entity for Reform and Development COHO. The governments in The Hague and Philipsburg hope to conclude the agreement in the Kingdom Council of Ministers meeting this Friday. However, Dutch State Secretary of Home Affairs and Kingdom Relations Raymond Knops in a series of letters over the weekend told Jacobs that the Dutch Cabinet required explicit approval of the deal by St. Maarten’s Parliament.

St Maarten: Parliament approval needed before Dutch sign agreement on liquidity

St. Maarten: Parliament approval needed before Dutch sign agreement on liquidity PHILIPSBURG, THE HAGUE - Before an agreement can be signed between the governments in The Hague and Philipsburg about the third tranche of liquidity support and the Caribbean Entity for Reform and Development COHO, the Dutch Cabinet requires explicit approval of the deal by St. Maarten’s Parliament. This is the stance of Dutch State Secretary of Home Affairs and Kingdom Relations Raymond Knops in a series of letters exchanged with Prime Minister Silveria Jacobs over the weekend. According to the letters, the two countries hope to reach an agreement in the Kingdom Council of Ministers meeting on Friday, December 18.

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