Dutch government helps Caribbean islands with 'soft loans'

THE HAGUE - The cabinet is helping Aruba, Curaçao and Sint Maarten with interest-free loans to alleviate the most acute financial distress caused by the corona pandemic. This was announced by Minister Raymond Knops of Interior and Kingdom Relations after the weekly Kingdom Council of Ministers in The Hague.

The loans have a term of two years and have no repayment obligation during that period. “You could say a soft loan, of which the terms and conditions will be examined in the event of a refinancing,” says Knops. In the meantime, work is underway on "measures that should lead to longer-term financial soundness".

The amount of the emergency loan differs per country and depends on the liquidity needs for the next six weeks.

More details to follow.

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