CURACAO'S FINANCIAL SITUATION IS NOT THE BEST, STILL, THE NETHERLANDS TAKES A HIGH RISK
By: JJosephaNews
Reading Time: 1:00 mins.
Twitter: @JJosephaNews
Willemstad, Curacao. The Netherlands Secretary of State for Kingdom Relations: Mrs. Alexandra van Huffelen, wrote to the House of Representatives expressing that there is a serious possibility that Curacao's liquidity loans from the Netherlands may not be paid on October 10, 2023, due to the country's shaky public finances and high debt-to-GDP ratio.
CURACAO'S DEBT
This is equivalent to a total of 911 million guilders. In fact, the loans are due to be repaid this month, but a short-term refinancing of eighteen months has been agreed upon after discussions between The Netherlands and Curacao.
The financial and economic capacity of Curacao to meet interest and repayment obligations is insufficient. The State Secretary writes that discussions for long-term refinancing and payments will begin on October 10, 2023. Curacao's repayment capabilities and debt quota will be included. Curacao's debt ratio is predicted to climb to 100.2 percent (100.2%) of GDP in the near future.
Fact Check:
We strive for accuracy and fairness. If you should read or see something that doesn't look right, Contact Us!
To read more from JJosephaNews:
Subscribe to Our YouTube Channel
Follow us on Twitter
Like us on Facebook
Stay tuned for more news @JJosephaNews!
#NetherlandsSecretaryofstate #KingdomRelations #AlexandravanHuffelen #FinancialSupervisionBoard #CFT #CollegeFinancieelToezicht #InternationalMonetaryFund #IMF #GiroBank #CentralBureauofStatisticsCuracao #CBS #RutselMartha #CuracaoEconomy #CentraleBankvanCuracaoenSintMaarten
©2022 JJosephaNews. All rights reserved.
No comments:
Post a Comment