WILLEMSTAD – Curaçao’s economic transformation under the Landspakket reform program is falling short of expectations. According to the joint progress report covering the period April to September 2025, many planned measures have not yet begun or are being implemented in an isolated and uncoordinated manner, with few tangible results to show for the numerous initiatives announced.
A key goal—developing an integrated economic development strategy—has yet to be achieved. While there are separate initiatives in the pipeline, such as improving the business climate, advancing digitalization, and strengthening sectors like tourism and the creative industry, the report notes that a cohesive policy vision is lacking.
“In practice, the connection between actions in the economic pillar is often limited,” the report states.
Delays in Business Policy Reform
Revisions to the investment and business licensing frameworks are underway, but there has been no concrete simplification or digitalization of procedures so far. Similarly, a project aimed at improving access to finance for entrepreneurs remains in the analysis phase. Decisions regarding the introduction of credit guarantee schemes or a development fund have yet to be made.
An earlier proposal to explore the creation of a Regional Development Agency (ROM) was abandoned. Despite initial ambitions to use the ROM as a tool to boost investment and innovation, Curaçao opted not to pursue it. The development of an entrepreneurial portal and trade registry is now being addressed separately but has not been completed.
Minor Progress in Labor and Tourism
In the areas of labor productivity and digital economy, only small steps have been taken. A draft action plan has been developed, but implementation has not yet begun. A strategic vision for tourism has been delivered, but it lacks concrete follow-up in terms of policy and execution.
The agricultural sector shows similarly modest progress. While a few pilot projects on food security have been launched, there is no structural development or market integration in place. The report stresses that sustainable food systems require more coordination, legislation, and financing to succeed.
Conclusion: Lots of Plans, Little Direction
The report concludes that although multiple levers are being pulled across the economic spectrum, central coordination and strategic decision-making are missing. As a result, most initiatives remain isolated, making it difficult to achieve sustainable economic growth and resilience.
The findings raise concerns about Curaçao’s ability to implement the ambitious economic reforms outlined in the Landspakket without stronger leadership, integration, and policy alignment.
