Finance Minister confirms that funds from the World Bank could take six months
PHILIPSBURG—The Minister of Finance Perry Geerlings has stated that the only finance opportunity that the government negotiated is with the World Bank and the European Investment Bank is a package deal. The minister More...
Time to Objectively Evaluate World Bank Program and Bottlenecks, says President of Parliament Wescot-Williams
Philipsburg, St. Maarten, February 4, 2019 – Amidst reports of accomplishments by the Government of St. Maarten as far as the Trust Fund is concerned, the debate continues as to the speed or lack there-of in More...
MP Emmanuel announces motion of no confidence
~ Minister Johnson absent from airport-debate ~ PHILIPSBURG – On the fringes of the parliamentary debate about the financing of the airport’s reconstruction National Alliance MP Christophe Emmanuel called More...
Prime Minister and Minister of Finance successfully negotiate 15 million dollar bridge loan for the Airport
PHILIPSBURG – Last week, Prime Minister Leona Romeo-Marlin and Minister of Finance Perry Geerlings travelled to the Netherlands to successfully negotiate and secure a bridge loan amounting up to 15 million US More...
Council of Ministers supports airport financing through the World Bank and European Investment Bank
PHILIPSBURG – Over the past months, the Government of Sint Maarten has worked closely with the Netherlands, the World Bank and the European Investment Bank to secure the necessary funding for the full recovery More...
Prime Minister Romeo-Marlin signs Grant Agreement for Debris and Landfill project
PHILIPSBURG – On Friday, December 21, Prime Minister Leona Romeo-Marlin signed the grant agreement with the World Bank for the Emergency Debris Management Project. This agreement provides US$ 25 million in funding More...
This does not add up
By Hilbert Haar Oh, oh, St. Maarten managed to generate some bad publicity again and the attempts by Prime Minister Leona Romeo-Marlin to explain herself do not come across as utterly convincing. The story is this More...
Prime Minister of Sint Maarten responds to reports of the General Audit Chamber and the World Bank
PHILIPSBURG -– On December 14th, the General Audit Chamber of the Netherlands released a focus study on the contribution of the Netherlands to the recovery and reconstruction of Sint Maarten. This report recognizes More...
Questionable behavior
By Hilbert Haar The General Audit Chamber-report about Dutch assistance to St. Maarten in the wake of Hurricane Irma reveals that one of the island’s key state-owned enterprises – utilities company GEBE More...
EXTERNAL FINANCIER OFFERS PJIA AIRPORT FULL FINANCING
AIRPORT – An external financier that is active in the field of airport financing around the world is offering PJIA Airport the possibility of financing to the tune of $260 million US Dollars. This would provide More...
