WILLEMSTAD - The Pisas government has made a choice from the nominated candidates for two members in the supervisory board (RvC) of the Central Bank of Curaçao and Sint Maarten (CBCS).
This happened after the incumbent Supervisory Board submitted a petition to the court to temporarily appoint supervisory directors. Due to the lack of a decision from the Curaçao government, the Central Bank threatened to continue without the Supervisory Board.
Now that Curaçao has changed its course, the way has been cleared for the appointment of six of the seven Supervisory Board members whose term expired on Thursday, August 19. In addition to the chairman, the Supervisory Board of the CBCS consists of three supervisory directors on behalf of the country of Curaçao and three on behalf of the country of Sint Maarten.
The countries must choose from one of the three candidates proposed by the Supervisory Board for each vacancy. As far as Curaçao is concerned, there are now two vacancies; the term of one of the three members runs until 30 November. Sint Maarten must elect three new members. In addition, the countries jointly decide who will be the new chairman, who must also have the support of five of the six Supervisory Board members.
Sint Maarten has already made a choice from the recommended candidates. Now that Curaçao has done so, the process of an appointment can be started. This includes screening for integrity. That will take at least a month. This is followed by the appointment of all new members by both countries together.