The Board of Financial Supervision Bonaire, Sint Eustatius, and Saba (Cft) visited Sint Eustatius and Saba on May 25 and 26. The Cft spoke with the executive councils and island councils about the current financial situation, government entities, and ongoing projects. On Saba, the Cft said goodbye to the departing Island Governor, Jonathan Johnson. The Cft noted a stable improvement in financial management on both islands and emphasized the importance of caution in a changing environment.
Sint Eustatius
The Cft notes that the public body has made significant progress in financial management in recent years, with the unqualified auditor’s report for 2024 as the most tangible result. In addition, Sint Eustatius is showing plans to improve execution capacity and continues on its path toward being sustainably ‘in control’. Furthermore, with STUCO and EUTEL, Sint Eustatius possesses two entities that fulfill important public tasks and manage essential infrastructure. Based on available information, the Cft’s view is that these entities are currently operating relatively stably, although they face operational challenges in the near future. During the visit, the Cft visited the harbor, The Cliff, and the social housing project, where 36 new social rental homes are being built. These projects are important for the economic and social development of Sint Eustatius. The Cft notes that visible progress is being made here.
Saba
The Cft once again expresses its appreciation for the high quality of financial management. The budgets are in order and were submitted on time. The Cft also notes that Saba is maintaining its positive trajectory. Furthermore, with Saba Electric Company (SEC) and Satel, Saba has two government entities that fulfill a public task and manage important infrastructure. Based on available information, these entities are also operating relatively stably, though they face operational challenges as well. During the visit, the Cft said goodbye to Island Governor Jonathan Johnson, who is stepping down after 18 years. Mr. Johnson has made a significant contribution to the current financial and administrative stability of Saba. The Cft warmly thanked him for his years of dedication and work.
In conclusion, for both islands, they are operating in a world that is currently undergoing rapid changes. This demands continuous attention to careful and resilient financial policies.