Bilateral Summit Leads to Substantial Progress regarding Cbcs

During a two-day bilateral summit in Willemstad, Curaçao, the governments of Sint Maarten and Curaçao made substantial progress regarding the Central Bank of Curaçao and Sint Maarten (CBCS). Ministers of Finance Charles Cooper (Curaçao) and Marinka Gumbs (Sint Maarten) reached an agreement on principles aimed at sustainably strengthening governance relations and reinforcing the CBCS’s independence. Chaired by Prof. Dr. Jaap de Winter, the discussions included Prime Ministers Luc Mercelina and Gilmar Pisas, alongside CBCS Executive and Supervisory Board members. This effort follows previous differences concerning Supervisory Board appointments and seeks to ensure the stability of the monetary union by maintaining an independent central bank.