Relief and Economic Stimulus Plan Sint Maarten

April 20, 2020 3:04 PM

PHILIPSBURG - The business community in Sint Maarten has been heavily affected by the COVID-19 pandemic. The necessary measures of closing the borders in order to control the spread of the virus has resulted in a practical halt of all economic activities on the island.

The government acknowledges that it is imperative that adequate measures are taken to absorb the economic and social impact of this new shock and to achieve a rapid recovery of the economy. Businesses that are severely affected will need financial assistance and for those who risk losing their jobs, the creation of a social safety net is essential. 

The Government of Sint Maarten has put together a Relief and Economic Stimulus Plan, in which the request for support totals ANG. 258.3 Million for the first 3 months.