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“We do not want to borrow more than we have to”
PHILIPSBURG – St. Maarten will most likely not need liquidity support for the full 197 million guilders ($110 million) that represents the current deficit on the 2018 budget, Finance Minister Mike Ferrier said More...
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Recovery money goes as grant into World Bank trust fund
PHILIPSBURG – The €550 million reconstruction fund the Netherlands has made available to St. Maarten will be deposited as a grant into a trust fund at the World Bank. How the money will be spent and made More...
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Ferrier on saving money: lights out at the government building
PHILIPSBURG – “We still don’t know how much of the €550 million Dutch recovery fund will be a grant and how much will be a loan,” Finance Minister Mike Ferrier said at Wednesday’s Council of Ministers More...