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New Curacao development bank in the making
Published on June 16, 2014 Email To Friend    Print Version

willemstad2.jpg
Willemstad, Curacao. Photo: Jessica Bee/Wikimedia

WILLEMSTAD, Curacao -- Research is being conducted with the Economic Commission for Latin America and the Caribbean (ECLAC) into the creation of a new development bank, the Curacao Development and Financial Institution (CDFI).

Minister of Economic Development Stanley Palm is expecting a presentation about this new endeavour.

“The people of ECLAC have been on the island and have discussed this project with all stakeholders. They are working to set up a new structure,” he said.

Curacao has three agencies that engage in financing economic development on the island. These are Korpodeko, the Economic Development Foundation and OBNA. The minister will consider whether these three entities will merge into the CDFI or if the CDFI will be an additional institution along with these three development banks.

Republished with permission of the Curacao Chronicle
 
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