Debt Standard Proposed For Curaçao, St. Maarten
~ CFT advices in 2015 annual report ~
By Suzanne Koelega
THE HAGUE--A debt standard with a maximum threshold should be introduced for Curaçao and St. Maarten to keep the debts of the countries manageable in case the interest rates of capital loans increase.
The Committee for Financial Supervision CFT for Curaçao and St. Maarten drafted an advice to this effect early in 2016 on the request of Dutch Minister of Home Affairs and Kingdom Relations Ronald Plasterk. The advice was mentioned in the CFT 2015 annual report which was presented in The Hague on Wednesday.
The CFT advised Plasterk that the two countries should be able to maintain a debt quota standard of 40 per cent on a medium term Read more
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