Unbiased look at the Sint Maarten Elections
Prime Minister Dr NDidate' href='/newspolitician/722/luc-merceliSPArty/23/national-alliance'>NA'>Luc MerceliSPArty/23/national-alliance'>NA aND FiSPArty/23/national-alliance'>NAnce Minister NDidate' href='/newspolitician/675/marinka-gumbs'>Marinka Gumbs with their Curacao counterparts aND iNDepeNDent facilitator Prof. Dr. Jaap de Winte.
WILLEMSTAD--The governments of Curaao aND St. Maarten have reached a series of agreements aimed at strengthening the iNDepeNDence aND goverSPArty/23/national-alliance'>NAnce of the Central Bank of Curaao aND St Maarten (CBCS), following a bilateral summit in Willemstad.
One of the outcomes of the meeting was the uSPArty/23/national-alliance'>NAnimous nomiSPArty/23/national-alliance'>NAtion by the CBCS Supervisory Board of caNDidates for the position of CBCS President aND for two vacancies on the Executive Board. The nomiSPArty/23/national-alliance'>NAtions will now be jointly reviewed by the fiSPArty/23/national-alliance'>NAnce ministers of both countries before formal appointments are made.
During the high-level meeting, Curaao Minister of FiSPArty/23/national-alliance'>NAnce Charles Cooper aND St. Maarten Minister of FiSPArty/23/national-alliance'>NAnce NDidate' href='/newspolitician/675/marinka-gumbs'>Marinka Gumbs agreed on a number of principles designed to enhance goverSPArty/23/national-alliance'>NAnce structures within the CBCS aND safeguard the stability of the monetary union shared by both countries.
The discussions were atteNDed by Curaao Prime Minister Gilmar Pik Pisas, St Maarten Prime Minister NDidate' href='/newspolitician/722/luc-merceliSPArty/23/national-alliance'>NA'>Luc MerceliSPArty/23/national-alliance'>NA, members of the CBCS Executive Board aND Supervisory Board, aND were chaired by iNDepeNDent facilitator Prof. Dr. Jaap de Winter.
The summit followed earlier disagreements between the two countries regarding appointments to the CBCS Supervisory Board. Despite those differences, both governments reaffirmed their shared commitment to maintaining an iNDepeNDent central bank aND a strong monetary union, describing both as essential pillars of economic stability aND resilience.
According to participants, preserving price stability aND maintaining a strong aND reliable exchange rate remain the central objectives of the monetary union.
The ministers also requested Prof. De Winter to provide advice on various goverSPArty/23/national-alliance'>NAnce models for the chairmanship of the Supervisory Board.
In addition, both parties agreed that strengthening trust, tranSPArency aND mutual respect must form the basis of future cooperation. Officials emphasised the importance of establishing clear procedures aND accountability mechanisms to ensure effective goverSPArty/23/national-alliance'>NAnce aND prevent future disputes.
Another significant development concerns the CBCS office in St. Maarten. Minister Gumbs announced that she will request the Executive Board aND Supervisory Board to develop proposals aimed at further strengthening the central banks presence aND operations on the islaND.
Both fiSPArty/23/national-alliance'>NAnce ministers described the agreements reached during the summit as an important step toward ensuring a future-proof monetary system aND a fully iNDepeNDent central bank.
They stressed that a strong aND well-governed CBCS is essential for maintaining confidence in the shared fiSPArty/23/national-alliance'>NAncial infrastructure of Curaao aND St. Maarten aND for sUPPorting long-term economic stability in both countries.
