Debt restructuring can start

The Minister Council for the Kingdom has agreed today with the Order in Council for the Kingdom (AMvRB) that arranges the provisional financial supervision for the Netherlands Antilles, Curacao, and St. Maarten in the transition period.

The result will be published in the law gazette as soon as possible and expectations are that it will go into effect in the coming month.  The supervision is a stipulation for the debt restructuring that is expected to start this year. 
The Parliament of the Nethrelands Antilles and the Island Council of Curacao have already agreed with the supervision.  The Island Council of St. Maarten will discuss it next week.  Bonaire, St. Eustatius, and Saba are already under financial supervision since the end of last year.  The College financial supervision (Cft) that performs this supervision will also do this for the national budget and the budgets of Curacao and St. Maarten. After the countries receive their new status, the financial supervision will be provided for by consensus statutory law.

(Source: National newspaper Amigoe)

10 October, 2008

 
 
 

NAGICO respects arbitrators’ decision

PHILIPSBURG--NAGICO Insurances Chairman Imran McSood said on Thursday that the company accepts the decision of the arbitrators in the case involving Princess Juliana International Airport (PJIA).

Dutch Princess Christina, sister of Beatrix, dies at age 72

THE HAGUE--Princess Christina, youngest sister of former Dutch queen Beatrix, has died of cancer at the age of 72. The announcement was made on Friday morning by the Government Information Service RVD.

Negotiations on Oyster Pond border to commence late 2019

THE HAGUE--The actual negotiations regarding the St. Maarten/St. Martin border, including the Oyster Pond area, are expected to start at the end of 2019, confirmed Dutch Kingdom Minister of Foreign Affairs Stef Blok on Thursday.