THE HAGUE–The Kingdom Council of Ministers on Friday decided to extend the repayment term of the Dutch government loans that were provided for Aruba, Curaçao and St. Maarten during the COVID-19 pandemic by 18 months.
The loans that were provided as liquidity support had an end term of April 10, 2022. Because it is not feasible for the Dutch Caribbean countries to start paying off these loans per next month since their financial-economic situation has not sufficiently recovered, the Kingdom government agreed to refinance these loans. The individual loans will be bundled and refinanced at zero per cent interest. Read more