In determining the maturity and repayment schedule of the corona loans by Curaçao, Aruba and Sint Maarten, the Netherlands appears to be flexible
For example, Sint Maarten will only have to pay off a first part in 15 years and the repayment will be spread over 30 years. This became clear during the technical briefing that the House of Representatives committee received today from officials of the Ministry of the interior and Kingdom relations in preparation for tonight’s debate with state secretary Van Huffelen.
The flexibility in terms of maturity and repayment periods is due to the limited capacity of Sint Maarten, so that the country still has room in the budget for reforms and investments in the economy. Whether Curaçao and Aruba also get more time to pay off is not yet known: before that, some calculation work must first be done.
The deadline for countries to agree to the terms is 30 of September. In any case, if they do not agree, they are sure of refinancing at a market rate.
Making it easy for the Caribbean Netherlands
