WILLEMSTAD - The Curaçao Bankers Association (CBA) has rejected two invitations from the Island Council to attend a technical briefing on the National Ordinance on Basic Payment Accounts. Both opposition and coalition members have condemned the banking sector's absence as disrespectful and unacceptable.
The Island Council is seeking input from the CBA on the new law, which aims to promote financial inclusion on the island. However, the organization has indicated that it will not be available until the end of April, while the law is scheduled for public discussion this Thursday. Speaker of Parliament, Charetti America-Francisca (MFK), emphasized that Parliament will not be delayed and will proceed with or without the banks' participation.
Giselle Mc William (MAN) and other parliamentarians voiced strong criticism, calling for an official letter to remind the CBA of its responsibility. Steven Croes (PAR) suggested that the banks are currently preoccupied with the implementation of the Caribbean guilder (XCG). However, members of the Island Council insist that the interests of the public must take priority.
During the session, the Central Bank of Curaçao and Sint Maarten (CBCS) provided explanations in response to questions from parliamentarians. Among the topics discussed was Curaçao’s ongoing reliance on cash, though digital payments are steadily gaining ground. A forthcoming research report is expected to provide further insights into this growing trend.