Permanent supervision of the finances of the Antilles

Permanent supervision of the finances of the Antilles

World June 26, 2017 06:18

amsterdam - The former Netherlands Antilles must continue to be under financial supervision in the future. That says Age Bakker, who says goodbye after six years as chairman of the temporary colleges financial supervision.

According to the economist, the supervision increases the attractiveness of investing and reduces the risk that the Netherlands raises for financial mismanagement. He says in the Financieele Dagblad

'The combination of carrot and stick helps,' says Bakker. 'The root is that the islands can borrow cheap money abroad through the Netherlands. 'Thus, the island states of CuraƧao, Saint Maarten, Aruba and the three overseas municipalities of Bonaire, Saint Eustatius and Saba can' flourish 'with the good reputation of the Netherlands on the international capital markets. 'The stick is that independent financial supervision also has teeth by giving directions. '

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