~ Hiro wants fully operational bank in Philipsburg by January ~
PHILIPSBURG--The Central Bank of Cura�ao and St. Maarten (CBCS) cannot make any investment without the input of the Finance Minister of St. Maarten, Finance Minister Hiro Shigemoto informed Central Bank President Emsley Tromp in a letter on Tuesday.
This, Shigemoto said in a press statement, is the position taken by the Government of St. Maarten. Tromp was summoned to St. Maarten on Friday to meet with Prime Minister Sarah Wescot-Williams, Deputy Prime Minister Theo Heyliger and Shigemoto about ongoing issues between Tromp and the Gerritt Schotte-led Cura�ao government.
The letter referred to issues in Cura�ao and firmly stated that no decisions were to be taken involving shares of country St. Maarten, which amount to 26 per cent of the gold reserves and 26 per cent of the bank's assets.
"We have a new ballgame where country St. Maarten has a certain percentage of shares in the CBCS. Before that, the financial institution fell under the Netherlands Antilles. We have to look out and protect our interest," Shigemoto said.
In a second press release, he said he wanted a fully operational independent Central Bank in Philipsburg by January 1 and this also was communicated to Tromp in a letter on Tuesday.
St. Maarten also wants to be a part of the staff recruitment and development of the expertise locally.
"Once a Supervisory Board of the Central Bank is in place, St. Maarten would like the board to work on this as soon as possible," Shigemoto said, adding that Tromp's coordination to get this initiative off the ground would be gladly appreciated.
The Council of Ministers wants to see the necessary tools in place for the bank to function "at an optimal level and be able to address pertinent operational matters" locally. The Central Bank is now headquartered in Willemstad, Cura�ao, with a branch office in St. Maarten.
St. Maarten is doing "its utmost" to get the Supervisory Board of the bank established, Shigemoto informed Tromp. Another letter has been sent to the Cura�ao Government proposing Martin Hassink as St. Maarten's candidate for Central Bank Chairman. The two countries need to agree jointly on the candidate for chairman.
Shigemoto has informed Curacao's Finance Minister George Jamaloodin about Hassink in a letter also sent on Tuesday and has requested that Cura�ao name its candidate for the post by June 6. This letter is a follow-up to one sent to government by Jamaloodin on May 10.
Shigemoto has informed Jamaloodin that he wants to see the chairman's post filled as soon as possible.
Governor Eugene Holiday signed the national decree with the nominees for the bank supervisory board for St. Maarten and Cura�ao on Tuesday. The St. Maarten nominees are attorney Jairo Bloem, businessman Robbie Ferron and tax consultant Marciela Illidge. Reny Maduro of University of the Netherlands Antilles and attorneys Glenn Camelia and Nelson Navarro are Cura�ao's nominees.
An identical decree with the six names has been submitted by Jamaloodin to Cura�ao Governor Frits Goedgedrag for approval.
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