SXMElections.com

Although Its Momentum Has Eased: Economic Recovery On Track Across The Monetary Union

WILLEMSTAD/PHILIPSBURG:---  The economies of Curaao and Sint Maarten continued to recover from the pandemic at the beginning of 2023, stated the president of the Centrale Bank van Curaao en Sint Maarten (CBCS), Richard Doornbosch, in the CBCSs September 2023 Economic Bulletin. The actual figures of the first quarter show that real GDP growth in both countries was driven primarily by increased stay-over and cruise tourism activities Read more

Given Their Small Size And High Degree Of Openness: Policy Actions Needed To Reduce Vulnerability To External Shocks In Curaao And Sint Maarten.

WILLEMSTAD/PHILIPSBURG:---  As small and open economies, Curaao and Sint Maarten are vulnerable to external shocks. The effects of external shocks on the monetary union are reflected in, among other things, fluctuations in our balance of payments, stated president of the Centrale Bank van Curaao en Sint Maarten (CBCS), Richard Doornbosch, in the CBCSs September 2023 Economic Bulletin. This edition of the Economic Bulletin highlights the monetary unions vulnerability to shocks with a textbox on the effect of NAf.- Euro exchange rate fluctuations on trade flows Read more

PHILIPSBURG:--- The recently generated 2023 economic indicator table report for the first half of 2023 paints an encouraging picture of St. Maarten's economic landscape, showcasing growth and resilience across key indicators. 

Real GDP Estimate 

St. Maarten's Gross Domestic Product (GDP) forecasts a growth rate of 4.6% in 2021 Read more

Small Businesses To Benefit From Access To Financing For 3 More Years.

PHILIPSBURG, Sint Maarten Based on the success of the Enterprise Support Project and the evident need for further assistance to entrepreneurs in the local market, the National Recovery Project Bureau (NRPB) is pleased to announce that the project has been extended until June 2028. This extension will provide local businesses with more time to apply for grant funding, thereby fostering further growth and development in the sector.

With this extension, businesses can now apply for grants and low-interest loans until June 30, 2025 Read more

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Candidates in this article:

PHILIPSBURG:---  Based on the success of the Enterprise Support Project and the evident need for further assistance to entrepreneurs in the local market, the National Recovery Project Bureau (NRPB) is pleased to announce that the project has been extended until June 2028. This extension will provide local businesses with more time to apply for grant funding, thereby fostering further growth and development in the sector.
With this extension, businesses can now apply for grants and low-interest loans until June 30, 2025 Read more

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Candidates in this article:

In Line With The Rise In Interest Rates In The International Financial Markets: Cbcs Increases The Pledging Rate

Willemstad/Philipsburg:--- The Centrale Bank van Curaao en Sint Maarten (CBCS) decided to tighten its monetary policy stance further by raising the pledging rate1 by 25 basis points to 5.75%. This decision was taken in response to the increase of the Fed funds rate in July and a possible further increase in September. Even though gross official reserves and import coverage have increased in the first eight months of this year, they are still expected to decline towards the end of 2023. The decline will be, however, less pronounced than in 2022 Read more

Mr. Chairman, Members of Parliament, Good Morning,

As stipulated in our constitution, I now stand before you on this second Tuesday in September, to set out the policy to be pursued by the Government in the coming parliamentary year 2023-2024.

Since 2021, reform measures have been established as part of the mutual agreement with the Netherlands in exchange for financial support, as a result of the Covid-19 pandemic. Structural reforms for the improvement and restructuring of government are in the areas of Financial Control, Cost and Effectiveness of the Public Sector, Taxes, Financial Sector, Economic Reforms, Health, Education, and Strengthening the Rule of Law.

From the very beginning, the Government of Sint Maarten has stressed the importance of the National Development Vision as instructions for all of Sint Maarten's development, including these reform measures Read more

PHILIPSBURG:---  September 1, 2023, is the day by which constitutionally the countrys budget 2024 should be at the Parliament. In the next few days on September 12th, a new parliamentary year will be upon us with the constitutional obligation for the Governor or someone designated by him to present the governments intentions for the year 2024, the DP leader stated in a release issued on September 1st.

This crop of ministers is famous for scorning our high councils of state on numerous occasions, and they continue to thumb their noses at the parliament Read more