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Tag archive for ‘World Bank’
By The Publisher On Tuesday, May 11th, 2021
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It’s their money at stake; not ours

One would wonder why Royal Schiphol Group (RSG) is making such a big stink about the airport. But one must remember, Schiphol is synonymous with The Netherlands which is part of the European Union. The $100 million More...

By The Publisher On Monday, February 15th, 2021
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Airport holding agreed with World Bank funding-conditions and still turned to Piper Jaffray

PHILIPBURG -- It is about time to get the facts straight about the Princess Juliana International Airport now that politicians use every opportunity to badmouth its management, the role of the World Bank, State More...

By The Publisher On Thursday, February 11th, 2021
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Prime Minister Silveria Jacobs responds concerning leaked letter from World Bank

PHILIPSBURG – In response to the article published in The Daily Herald on February 9th, regarding a leaked letter from the World Bank Country Director for St. Maarten Tahseen Sayed concerning the state of affairs More...

By The Publisher On Tuesday, February 9th, 2021
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Airport holding puts reconstruction funding at risk

Photo caption: SXM Airport. Photo by Duncan van Heyningen. PHILIPSBURG — The airport holding is putting financing for the terminal reconstruction project at risk if it continues with efforts to dismiss Chief More...

By The Publisher On Thursday, May 21st, 2020
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NRPB negotiates extension of trust fund deadline

PHILIPSBURG – “A high-level overview of the Trust Fund, applicable procedures, ongoing projects and challenges.” This is how the National Reconstruction Program Bureau (NRPB) describes the Focus Audit on More...

By The Publisher On Friday, March 6th, 2020
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Reconstruction of the airport gets go-ahead

PHILIPSBURG/WASHINGTON — The Sint Maarten Trust Fund steering committee gave the final go-ahead to start the reconstruction of the Princess Juliana Airport on Sint Maarten. USD$72 million from the Trust Fund, More...

By The Publisher On Wednesday, December 11th, 2019
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Government signs long-overdue funding agreements for airport reconstruction

PHILIPSBURG – In February MP Frans Richardson of the United St. Maarten party (USp) declared during a debate about funding for the reconstruction of the airport terminal in parliament that “The agreement with More...

By The Publisher On Monday, November 4th, 2019
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At a snail’s pace

By Hilbert Haar Without further ado, former Finance Minister Michael Ferrier has pointed to the procedures the World Bank uses for the distribution of recovery-dollars from the trust fund to explain why post Hurricane More...

By The Publisher On Saturday, November 2nd, 2019
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Former Minister Ferrier: “The trust fund is failing”

PHILIPSBURG – “If the rules allow hurricane victims to remain homeless after two years, something is not right about the rules,” former interim Finance Minister Michael Ferrier writes in a letter to the editor More...

By The Publisher On Thursday, September 12th, 2019
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Government remains committed to agreement with World Bank about airport reconstruction

PHILIPSBURG – The government remains committed to the airport reconstruction financing agreement with the World Bank and the European Investment Bank. This appears from statements made by Prime Minister Leona More...






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