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Willemstad
• dinsdag 9 augustus 2022

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CC | CFT: Curaçao must accelerate the repayment of outstanding debt with APC pension fund


WILLEMSTAD – As far as the Financial Supervision Board (CFT) is concerned, Curaçao must pay off the outstanding debt with the pension fund more quickly. That money is there because Curaçao’s liquidity position has improved in the past quarter.

The balance of cash and cash equivalents at the end of March amounted to NLG 317 million. The liquidity development is such that the Board takes into account that Curaçao will no longer need to use a significant part of the balance in 2022 and beyond to support the regular service.

The financial instruction that Curaçao received in 2019 already included an obligation to compensate for deficits from 2017 and 2018 by deploying part of the available liquid assets in the subsequent years for accelerated repayment of the debt to the General Pension Fund of Curaçao.

Bron: Curaçao Chronicle

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