The Aruba Trade & Industry Association (ATIA), representing a broad sector of Aruba’s business community, today announces its support for the implementation of the HOFA (Houdbare Overheidsfinanciën Aruba / Sustainable Public Finances Aruba) framework.
ATIA considers HOFA to be an important step toward ensuring long-term fiscal stability, improving Aruba’s financial credibility, and creating a more predictable environment for business investment and economic growth.
“Aruba’s private sector depends on stability, transparency, and responsible financial management,” ATIA stated. “The HOFA framework offers the necessary fiscal foundations to protect our economic future and strengthen confidence among investors, lenders, and international partners.”
ATIA highlighted several reasons for its support, including the potential to lower financing costs through access to Dutch financing with a AAA rating, greater predictability in government policy, and better long-term competitiveness for Aruba’s economy.
The private sector is the primary engine of Aruba’s economy, employing approximately 50,000 people across various industries that contribute to national prosperity. ATIA emphasizes that sustainable public finances are essential to protect jobs, stimulate investment, and ensure that Aruba remains an attractive destination for tourism and commerce.
ATIA also noted that HOFA is a temporary framework, designed to guide Aruba back to sustainable public finances and restore long-term fiscal resilience. By establishing clear standards and expectations, HOFA offers the necessary structure for Aruba to regain financial strength, while the measures are time-limited and focused on recovery.
While ATIA acknowledges that HOFA requires discipline and structural reforms, the association indicated that the long-term benefits outweigh the short-term challenges.
“A stable fiscal foundation is not only a government priority, but it is also a national priority,” the association declared. “HOFA offers a framework that supports responsible decision-making and strengthens Aruba’s resilience.”
ATIA reaffirmed its commitment to continue working alongside the government, social partners, and the community at large to ensure that Aruba’s economic future remains strong, competitive, and sustainable.
ATIA Press Release