WILLEMSTAD – The government of Curaçao has formally submitted a proposal to the Netherlands to refinance part of a bond loan totaling over 141 million guilders, which is set to mature on October 15. With this refinancing plan, the island aims to responsibly reduce public debt while maintaining fiscal space for investment. 

Under the proposal, Curaçao seeks to refinance 82 million guilders through a linear loan with a 20-year term. The remaining 60 million guilders will be repaid from domestic funds. This approach aligns with recommendations from the Kingdom’s Financial Supervision Board (Cft) and is backed by financial projections from the Central Bank of Curaçao and Sint Maarten (CBCS). 

According to the CBCS, a linear loan structure is the most favorable option. This format results in gradually decreasing interest payments over time, stays within the approved debt service limits, and supports the country’s goal of reducing its debt-to-GDP ratio to 55 percent by 2030, as outlined in Curaçao’s fiscal targets. 

Finance Minister Javier Silvania, in his letter to the Ministry of the Interior and Kingdom Relations, also proposed to discuss future maturing loans during his upcoming visit to the Netherlands at the end of July. These include bonds expiring in 2030, 2035, and 2040, as well as potential new loans to support investment projects. The government emphasized it will continue to pursue repayment structures consistent with a sustainable debt policy. 

With this strategy, Curaçao aims to prevent long-term financial burdens while safeguarding room for both economic and social development.