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William: Europe Trip Waste Of Taxpayers Monies, 50 Mil Loan Brokered By Na-Led Govt.

PHILIPSBURG, Sint Maarten — Former Prime Minister William Marlin says the recent trip to Europe by Minister of Finance Michael Ferrier and Interim Prime Minister Leona Marlin Romeo was a total waste of tax payers’ monies as the 50 million guilders loan agreement signed days ago between St Read more

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PHILIPSBURG:--- Former Prime Minister William Marlin says the recent trip to Europe by Minister of Finance Michael Ferrier and Interim Prime Minister Leona Marlin Romeo was a total waste of taxpayers’ monies as the 50 million guilders loan agreement signed days ago between St Read more

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Minister Ferrier And State Secretary Knops Sign 50 Million Guilder Liquidity Support Loan

PRIME MINISTER ROMEO MARLIN & Minister Ferrier WORKING VISIT TO THE NETHERLANDS

THE HAGUE – On Friday afternoon in The Hague Minister of Finance Michael Ferrier and State Secretary Raymond Knops signed off on a 50 Million Guilder loan to Sint Maarten, staving off looming liquidity challenges that Country Sint Maarten would otherwise face sho Read more

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THE HAGUE:--- On Friday evening a group of Sint Maarten students including youngsters that evacuated from Sint Maarten after the passing of Hurricane Irma, were invited to come to the Sint Maarten House in The Hague. Prime Minister Leona Romeo-Marlin & Minister of Finance Michael Ferrier wanted to inform the gathering of what could be considered as an extremely positive outcome of their visit to the Netherlands.

During the short presentation, PRIME MINISTER ROMEO MARLIN emphasized to the students the importance of returning home once they have completed their studies Read more

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THE HAGUE:--- On Friday afternoon in The Hague Minister of Finance Michael Ferrier and State Secretary Raymond Knops signed off on a 50 Million Guilder loan to Sint Maarten, staving off looming liquidity challenges that Country Sint Maarten would otherwise face shortly. Minister Ferrier explained that the loan conditions are 0% interest, a term of 30 years, with 25 equal yearly payments of NAFls 2,000,000.00 starting in January of 2023 (5 years from now) Read more

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La Primera Ministra Romeo-Marlin Y El Ministro Ferrier Sostuvieron Un Exitoso Encuentro Con El Primer Ministro Holandés Rutte

PHOTO: De izq. A der. Primera Ministra Leona Romeo-Marlin, Primer Ministro Mark Rutte, y el Ministro de Finanzas Michael Ferrier

DEN HAAG (LA HAYA) – “Fue una gran reunión”, así expresaron la Primera Ministra Leona Romeo Marlin y el Ministro de Finanzas Michael Ferrier, tras su reunión el jueves en la mañana con el Primer Ministro de los Países Bajos, Mark Rutte, en La Haya.

El Primer Ministro Rutte saludó calurosamente a los dos ministros de Sint Maarten en su oficina, donde discutieron una amplia gama de temas, incluido el progreso de la recuperación actual de Sint Maarten, el Fondo de reconstrucción, el progreso de los acuerdos con el Banco Mundial y la cooperación francesa y holandesa sobre St Read more

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Prime Minister Romeo-Marlin & Minister Ferrier Hold Successful Consultation With Dutch Prime Minister Rutte

DEN HAAG – “It was a great meeting” were the sentiments of Prime Minister Leona Romeo Marlin and Minister of Finance Michael Ferrier following their meeting with Prime Minister of the Netherlands Mark Rutte on Thursday morning in Den Haag.

Prime Minister Rutte greeted the two Ministers from Sint Maarten warmly at his Cabinet where they discussed a wide range of topics including the progress of the ongoing recovery of Sint Maarten, the reconstruction Fund, progress of arrangements with the World Bank, French & Dutch cooperation on St Read more

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Prime Minister Romeo-Marlin And Minister Ferrier Hold Successful Consultation With Dutch Prime Minister Rutte

SINT MAARTEN/THE NETHERLANDS – “It was a great meeting,” were the sentiments of Prime Minister Leona Romeo Marlin and Minister of Finance Michael Ferrier following their meeting with Prime Minister of the Netherlands Mark Rutte on Thursday morning in Den Haag.

Prime Minister Rutte greeted the two Ministers from Sint Maarten warmly at his Cabinet where they discussed a wide range of topics including the progress of the ongoing recovery of Sint Maarten, the reconstruction Fund, progress of arrangements with the World Bank, French & Dutch cooperation, and the overall urgency to address the needs of the people of Sint Maarten.

Minister Ferrier took the opportunity to briefly express his frustrations with the fact that regular, lengthy processes must be followed in order for Sint Maarten to eventually access the fund that will be managed by the World Bank.

While it is understandable that Sint Maarten must comply with international World Bank and International Monetary Fund standards, it is obvious that this too will cause delays Read more

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DEN HAAG:--- “It was a great meeting” were the sentiments of Prime Minister Leona Romeo Marlin and Minister of Finance Michael Ferrier following their meeting with Prime Minister of the Netherlands Mark Rutte on Thursday morning in Den Haag.

Prime Minister Rutte greeted the two Ministers from Sint Maarten warmly at his Cabinet where they discussed a wide range of topics including the progress of the ongoing recovery of Sint Maarten, the reconstruction Fund, progress of arrangements with the World Bank, French & Dutch cooperation on St Read more

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Sint Maarten Delegation Working Visit To Klm Headquarters Yields Positive Outcome

DEN HAAG – Upon arrival in the Netherlands on Wednesday February 14, 2018, the Government of Sint Maarten delegation headed by Prime Minister Leona Romeo Marlin and Minister of Finance Michael Ferrier, met with executives of KLM at The airline’s head office in Amstelveen.

The KLM invitation to the Sint Maarten delegation was to get a first-hand report on the post Hurricane Irma recovery progress of the island and to discuss flight network development, as they relate to Sint Maarten/Saint Martin.

The KLM delegation was headed by their Senior Vice President, Mr Read more

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Sint Maarten Delegation Meets Klm Reps. Meeting Yields Positive Outcome

SINT MAARTEN/THE HAGUE - Upon arrival in the Netherlands on Wednesday February 14, 2018, the Government of Sint Maarten delegation headed by Prime Minister Leona Romeo Marlin and Minister of Finance Michael Ferrier, met with executives of KLM at the airline’s head office in Amstelveen.

The KLM invitation to the Sint Maarten delegation was to get a first-hand report on the post Hurricane Irma recovery progress of the island and to discuss flight network development, as they relate to Sint Maarten/Saint Martin.

The KLM delegation was headed by their Senior Vice President, Mr Read more

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DEN HAAG - Upon arrival in the Netherlands on Wednesday, February 14, 2018, the Government of Sint Maarten delegation headed by Prime Minister Leona Romeo Marlin and Minister of Finance Michael Ferrier, met with executives of KLM at The airline’s head office in Amstelveen.

The KLM invitation to the Sint Maarten delegation was to get a first-hand report on the post-Hurricane Irma recovery progress of the island and to discuss flight network development, as they relate to Sint Maarten/Saint Martin Read more

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“Where is the integrity in government?”

PHILIPSBURG:--- Interim Minister of Finance Micheal Ferrier, former Minister of Finance and consultant for the Ministry of Finance Martin Hassink, Arno Peels the Secretary-General of Finance, and Rodney Richardson boarded a Pilatus aircraft with registration number M-YFLY on Tuesday as they head out to Curacao where they will board KLM to continue their journey to Brussels to seek financing for a Waste to Energy Plant (WTE) for St. Maarten.
The aircraft belongs to well-known businessman Saro Spadaro, a personal friend of interim Minister of Finance Michael Ferrier.
It should be noted that both Ferrier and Spadaro have their own private aircraft and are holders of a pilot license but they do not have a commercial pilot license that would authorize them to transport passengers, especially a government delegation.
When the delegation arrived at the Princess Juliana International Airport a number of photographs were taken as the concern persons want to know where government integrity is especially when they begin to wheel and deal with persons within the business community especially since the current interim government supported the establishment of an integrity chamber on St Read more

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PHILIPSBURG:--- On Monday, February 12, at the Government Administration Building, Minister of Finance Michael Ferrier was presented a copy of the book “Fiscale Wetgeving (Tax law) 2018" by the Managing Director of PricewaterhouseCoopers Paul van Vliet, Associate Partner. The Minister is thankful to PricewaterhouseCoopers and will dis Read more

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PHILIPSBURG – On Sunday morning February 11th Prime Minister Leona Romeo Marlin together with Minister of Finance Michael Ferrier, Minister of Justice Cornelius Deweever, and Minister of VROMI Miklos Giterson lead a delegation of technocrats to French St Read more

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Sint Maarten Ministry Of Finance Organized Round Table Conference Sustainable Financial Government

PHILIPSBURG, Sint Maarten — On Tuesday February 6, 2018, the Ministry of Finance of the Government of Sint Maarten organized a Round Table Conference “Sustainable Financial Government” with the Netherlands, the World Bank, the IMF and the Cft. The goal of this conference was to get all parties together and have an open dialogue on the way forward to a financial sustainable Sint Maarten and how progress can be achieved in bringing relief to the people of Sint Maarten in the short term.

The main topics discussed was the issue of liquidity support to the government of Sint Maarten, the application of 550 million euro made available by the Netherlands, the benefits of using the professional services offered by the World Bank and the IMF, in collaboration with the Cft Read more

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Minister Of Finance Michael Ferrier Opens The Round Table Conference

PHILIPSBURG, Sint Maarten — On Tuesday February 06, the Minister of Finance Michael Ferrier open the Round Table Conference between the Netherlands, the World Bank, the IMF, the Cft and Country Sint Maarten below you can read the speech of the Minister.

Good morning friends of Sint Maarten …. on behalf of my colleagues in the Leona Marlin Cabinet, I bid you good morning.

The topic is sustainable financial government.

In my immediate past life, I was a business owner and as such I know that transparency and insight on income and expenditure, as well as accurate and timely reporting of same are paramount for any business is to be successful Read more

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GREAT BAY (DCOMM) – On Tuesday, February 6, 2018, the Ministry of Finance of the Government of Sint Maarten organized a Round Table Conference “Sustainable Financial Government,” with the Netherlands, the World Bank, the International Monetary Fund (IMF) and the Committee for Financial Supervision of Curacao and Sint Maarten Cft.

The goal of this conference was to get all parties together and have an open dialogue on the way forward to a financial sustainable Sint Maarten and how progress can be achieved in bringing relief to the people of Sint Maarten in the short term.

The main topics discussed was the issue of liquidity support to the government of Sint Maarten, the application of 550 million euro made available by the Netherlands, the benefits of using the professional services offered by the World Bank and the IMF, in collaboration with the Cft.

Progress has been made in getting clarity with regards to the completion of the 2017 and 2018 budget process.

The Conference was attended by the Dutch Project Director General of Reconstruction for the Windward Islands, Hans Leijtens, Head of the Representation of the Netherlands in Philipsburg, Chris Johnson, representatives of the World Bank, IMF, Cft and the Government of Sint Maarten.

Representing Sint Maarten were the Minister of Finance, Michael Ferrier, with members of his Cabinet, the Secretary-General of the Ministry of Finance, Arno Peels and support staff, the Secretary-General of the Ministry of General Affairs, Hensley Plantijn and civil servants from the Department of Foreign Relations.

The conference was moderated by former Minister of Justice and Chairman of the Workgroup National Recovery Plan, Dennis Richardson.

Now that there is a shared understanding of the way forward, one of the next steps is for Prime Minister Leona Romeo Marlin and the Minister of Finance Michael Ferrier to visit the Netherlands to continue these discussions and to strengthen the relationships between the two Kingdom partners.

Both the Dutch and Sint Maarten delegations are very pleased with the level of progress made in charting the way forward.

Minister Ferrier and Project Director General Leijtens thanked all participants for their contribution to the open dialogue and clear communication Read more

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