WILLEMSTAD - The national debt of the Country of Curaçao will reach the limit of 100 percent of the gross domestic product this year. That is what the International Monetary Fund, IMF, expects.
According to the IMF, the national debt is rising due to the way in which the Curaçao government is trying to absorb the corona shocks. Money is borrowed from the Netherlands for this. And that drives up the national debt, the international financial organization emphasizes. But also due to the solution used to resolve the bankruptcy of the Giro Bank, the government debt of Curaçao will increase from 55 percent in 2019 to above 100 percent in 2021.