SXMElections.com

St. Maarten – The Central Bank is working on plans for an institute for financial education in St. Maarten, DP-MP Wescot-Williams said yesterday, adding that she is pleased with this, as she proposed the idea in 2014 when she was the country’s prime minister.

“In Curacao such a program is already in place that started years ago” Wescot-Williams said yesterday. “Different stakeholders participate in it.”

The institute can be established as a foundation and its board members would come from the Central Bank, St. Maarten Bankers Association, St. Maarten Insurance Association, St. Maarten Brokers Association and the government of St. Maarten.

Its main objective would be to provide financial institutions and individuals with the most relevant education program such as training, courses and workshops both with open enrollment as well as customized programs on a wide arrange of financial subjects throughout the year.

“I have learned that this program will be pursued and that stakeholders on St. Maarten have been approached to be part of this program and this institute,” Wescot-Williams said. “I think this is a great thing for us here. It won’t be long before all the stakeholders give their consent and we will be able to finalize the foundation.”