WILLEMSTAD - The Curaçao Business Association (VBC) has serious doubts about the "Plan B" that the Ministry of Finance presented last week. This plan was mentioned as an alternative to emergency support from the Netherlands, in which the General Pension Fund Curaçao (APC) is involved, among others. According to insiders, plan B means that the APC bank will make a few hundred million guilders available to the government to cover the shortages.
VBC disagrees with this plan because it only covers the financing requirement. Structural reform measures to promote economic developments are not mentioned. Without economic growth, it will be impossible to repay loans. VBC believes that economic growth cannot take place without reforms.
There are also reportedly large loans from APC, which may prevent the government from meeting its repayment capacity. The VBC again makes an urgent appeal to the government not to panic and to reach a good substantive agreement with the Netherlands as soon as possible.