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Tag archive for ‘liquidity support’
By The Publisher On Sunday, July 5th, 2020
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New conditions for liquidity support are still unclear

THE HAGUE – St. Maarten, Curacao and Aruba are quite prepared to implement reforms, but not as fast as the Dutch government demands, the NOS reports. The tempo the Netherlands demands in exchange for assistance More...

By The Publisher On Wednesday, June 17th, 2020
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Prime Minister Silveria Jacobs sends letter to Prime Minister Mark Rutte

PHILIPSBURG -– On June 16th, 2020, State Secretary Knops held and chaired a meeting regarding several urgent matters, including the conditions for further liquidity support from the Kingdom Council. Prime Minister More...

By The Publisher On Monday, June 15th, 2020
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MP Buncamper defended St. Maarten’s position during virtual IPKO meeting

PHILIPSBURG — There are always fireworks to be expected during the IPKO sessions. Last week, it was the ‘war of words’ between MP Claudius “Toontje” Buncamper and MP Andre Bosman that More...

By The Publisher On Wednesday, June 10th, 2020
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Payroll-distribution system ignores Cft-advice

PHILIPSBURG – The government – and government-owned companies in its wake – is playing with fire and is putting continued financial assistance from the Netherlands at risk by not following an advice from More...

By The Publisher On Thursday, June 4th, 2020
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Cost-cutting measures become bone of contention

PHILIPSBURG – In a letter to the Second Chamber dated May 19 State Secretary Raymond Knops wrote that one of the conditions for providing liquidity support to St. Maarten is a “decrease of 12,5 percent of the More...

By The Publisher On Saturday, May 23rd, 2020
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Political storm brewing over “unconditional” letter of Minister Plenipotentiary

PHILIPSBURG – There is a political storm brewing over a letter Minister Plenipotentiary René Violenus sent to State Secretary Drs. Raymond Knops on May 20, informing him that St. Maarten has accepted the requirements More...

By The Publisher On Friday, May 22nd, 2020
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No protection for civil servants against lower salaries

PHILIPSBURG – Now that the government has accepted the Kingdom’s conditions for liquidity support, the salaries of civil servants and politicians are up for review: a 25 percent cut in the remuneration of politicians More...

By The Publisher On Wednesday, May 20th, 2020
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Dutch parliament backs up conditions for liquidity support

THE HAGUE – Members of the Dutch parliament support the conditions State secretary Drs. Raymond Knops has imposed on Aruba, Curacao and St. Maarten for the provision of liquidity support, but some parliamentarians More...

By The Publisher On Sunday, May 17th, 2020
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An unthinkable scenario

By Hilbert Haar The conditions attached to the provision of continued liquidity support have put the government in a rather awkward position. Demanding a 25 percent salary cut for ministers and parliamentarians More...

By The Publisher On Sunday, May 17th, 2020
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Brutal package of conditions leaves government little choice

PHILIPSBURG – The Kingdom Council of Ministers had presented a brutal package of conditions for the release of continued liquidity support. Prime Minister Silveria Jacobs has labeled these conditions as an ‘indecent More...