June 18, 2021 THE HAGUE - To deal with the consequences of the COVID-19 pandemic, Aruba, Curaçao and Sint Maarten have received liquidity support since the beginning of 2020, subject to the implementation of the country packages with reforms and supervision thereof.
The liquidity requirement is assessed quarterly, as is the progress on the implementation of the country packages. The liquidity support in the third quarter of 2021 concerns the 6th tranche.
Based on the advice of the Committee for Financial Supervision (CFT), it is proposed to grant liquidity support to Aruba ANG 181 million, Curaçao ANG 168 million and Sint Maarten ANG 48 million for the third quarter 2021, totaling ANG 397 million (€194.5 million).
However, none of the three countries currently fully meets the conditions set for this tranche. For Aruba, this concerns several minor points. The shortcomings are greater for both Curaçao and Sint Maarten. It is therefore proposed to attach further conditions and timelines to the payment of the 6th tranche for these countries. For Curaçao, it is also proposed to split the 6th tranche into sub-tranches.
The council approves the sixth tranche of liquidity support to Aruba and authorizes the Undersecretary of the Interior and Kingdom Relations Raymond Knops to decide on the sixth tranche of liquidity support to Curaçao and Sint Maarten in consultation with the Prime Minister and the Minister of Finance.