~ Curaçao bankers reach agreement on credit freeze ~
PHILIPSBURG--The Government of St. Maarten is reported to be studying the nomination of former Court President Robert Pietersz as member of the Supervisory Board of the Central Bank of Curaçao and St. Maarten (CBCS).
Meanwhile, the Curaçao Bankers' Association (CBA) has reported reaching agreement with the CBCS management on the much-discussed credit ceiling that took effect at the end of February.
Pietersz was nominated to serve on a temporary basis by current Court President Lisbeth Hoefdraad, according to the Central Bank's statutes, after the Finance Ministers of the two countries had been unable to agree on a joint chairman.
One of the CBCS directors has submitted a defence against being held responsible by Curaçao's Minister of Finance George "Jorge" Jamaloodin (MFK) for possible consequences of a US $150 million bond loan for the St. Maarten Harbour Group of Companies. The letter apparently states that the director in question had not been involved.
CBCS board member Renny Maduro would not comment, as it concerns an internal matter.
CBA reports that agreement on zero-growth of credit during the next six months was reached during a meeting with the Central Bank. Further content was given to the measure, including complying with loan commitments already made to clients and still allowing the financing of projects that can contribute to strengthening the economies on the two islands.
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