THE HAGUE – A combination of reforms, strict budgetary policy and lowering the costs of the public sector and of healthcare is necessary to reduce the public debt of Curaçao, Aruba and Sint Maarten (partly) due to the corona crisis, to manageable proportions.
That is the message that chairman Raymond Gradus of the Financial Supervision Council has presented in conversations with, among others, the members of the Second and First Chambers Committees for Kingdom Relations in the Dutch Parliament. “Precisely because of the corona crisis, controlling the debt ratio has been placed in a different perspective. For all countries, the debt ratio will rise well above a critical limit value set by the IMF for the Caribbean region.”
Gradus also said with the IMF that he hopes “that the countries and the islands will recover well from the corona crisis in the coming years, in the knowledge that they offer a good tourism product.”
