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St. Maarten and Curacao's Prime Ministers Signed Agreements on Monday --- Letter sent to Supervisory Board --- No decision taken on Emsley Tromp’s Suspension.

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swescotwilliamsandgschottesigningcbcsagreements27082012Philipsburg:--- The Prime Ministers of St. Maarten and Curacao along with their Finance Ministers managed to sign three agreements late Monday afternoon regarding how the two countries will move forward with the impasse at the joint Central Bank of Curacao and St. Maarten. Prime Minister of St. Maarten Sarah Wescot Williams, Prime Minister of Curacao Gerrit Schotte, Finance Minister of Curacao George Jamaloodin, and St. Maarten's Finance Minister Roland Tuitt along with their advisers spent most of the day hammering out their concerns on how the two countries will move forward when it comes to the joint Central Bank.

Prime Minister of St. Maarten Sarah Wescot Williams told reporters that they managed to agree on a letter that will be sent to the Chairman of the Kingdom Council of Ministers Prime Minister Mark Rutte informing him that the two countries Curacao and St. Maarten have committed to an understanding about normalizing the functioning of the joint Central Bank. Also included in the letter to the Chairman of the Kingdom Council of Ministers are the dates of the meetings that were held between the shareholders of the two countries and intentions of the planned meetings with the Supervisory Board of the Central Bank based on article 32 and 24 of the charter of Curacao and St. Maarten which opens the possibilities for these meetings to be held.

Wescot Williams said two meetings will be held, one is in preparation for the other. These meetings she said will be held within a short period of time. St. Maarten's Prime Minister also informed reporters that the two countries have agreed to send a letter to the Supervisory Board of the joint Central Bank informing them of the decisions taken by the shareholder representatives of the two countries. The Supervisory Board was given ten days in which they must provide certain information to the shareholders representatives. The two countries are requesting the annual accounts for 2010 and 2011 while they want an operational audit to be conducted at the joint central bank. SOAB will assist in the operational audit that has to be conducted.

While the two countries managed to agree on almost every point on their way forward, they did not decide on the suspension of the Director of the Central Bank Emsley Tromp. Wescot Williams said since last week St. Maarten's delegation informed the caretaker government of Curacao that they took note of their concerns. She said Curacao indicated that there is a breach of confidence between the government of Curacao and Tromp. "Again we indicated to them that we took note of their concern but in St. Maarten's opinion an operational audit will be more effective."

Finance Minister Roland Tuitt said that eliminating Tromp will not solve the problems of the Central Bank and if the shareholders have to take different measures to solve all the problems then they will do just that. During these meetings St. Maarten will present the names of at least three persons so that one of them can be selected to fill the seventh position on the Supervisory Board of the Central Bank.

Curacao's Prime Minister Gerrit Schotte told reporters the two countries have decided to send a letter to the Supervisory Board of the Central Bank to inform them of their way forward. Schotte said that St. Maarten's main objectives are to get the Central Bank on St. Maarten fully operational and the budget of 2012 approved.

Click here to view the letter sent to Supervisory Board of Central Bank.

Click here to view the letter sent to the Chairman of the Kingdom Council of Ministers.

Click here to view the points discussed and agreed upon on Monday August 27th by the shareholder representatives of the Joint Central Bank of Curacao and St. Maarten.

Last Updated ( Tuesday, 28 August 2012 01:51 )  
Comments (4)
  • Shooz
    avatar

    Serious? I mean.....serious?


    Serioud? I mean.....serious

  • ?????????
    avatar

    Somebody please explain

    Did this man government not fail? how can he be signing?

    I think these countries, need to be re-examined, because you can run them how each individual wants.

    Do they ever loose power, if God don't take it?

    I thought Emilie de Jong Elhage would be signing, as caretaker government
    she did win the election didn't she?

    I come from the British, and I still can't understand "country"

    This signing reminds me of ALM

    Yes I am living here 42 years, and paying all my dues.

  • Maria
    avatar

    The government situation is hard to understand.
    Nobody has mastered it yet.

    And don't try.

  • Breaking news of the future
    avatar

    CNN BREAKING NEWS: Philipsburg, St. Maarten - Large riots broke out during civil unrest on the small Caribbean island of St. Maarten.

    According to Gromiko Wilson of Paparazzi news, residents of the small island have set several government buildings and vehicles ablaze on the Dutch half of the island.

    According to police sources, the unrest was sparked by a recent death where a patient of the main hospital on the island was accidentally killed by unlicensed doctors who operated on her some weeks ago.

    Government troupes had to be flown in from the island of Curacao to a**ist police and government officials in bringing calm to the island. The authorities on the French half of the island are also gearing up amidst rumors that French side residents are also planning to join in the riot.

    St. Maarten, a small island of 33.6 square miles and a population of 77,000 is located approximately 300 km (190 mi) east of Puerto Rico. Tourism is the most important sector of the economy (85% of labor force). Agriculture makes up only 1% of gdp so the island relies heavily on imports. The island became an autonomous country within the Netherlands after separating from the Netherlands Antilles in 2010.

    According to the U.S. Criminal Intelligence Agency (CIA), corruption is very rampant on the island, especially among government officials. Money laundering, human and drug trafficking has long being known to plague the island.

    The USA government is warning American citizens to avoid the island until further notice, due to the current tense situation.

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