WILLEMSTAD – Over the past six months, the Central Bank of Curaçao and Sint Maarten (CBCS) has been working on a reform program for the financial sector. The Central Bank has drawn up a four-year plan for this.
At the end of 2020, the CBCS, in collaboration with the International Monetary Fund (IMF), analyzed the situation in the financial sector in Curaçao and Sint Maarten and identified important financial risks and shortcomings in legislation and regulations.
Ten priorities emerged from the study that have been incorporated into the program and will be included in the implementation agenda for Curaçao and Sint Maarten. Financial stability, more attention to other investments and improved supervision are important points that emerge in the overview.