WILLEMSTAD – Maintaining strict fiscal discipline will remain essential if Curaçao hopes to preserve its investment-grade credit rating and potentially secure an upgrade in the future, according to S&P Global Ratings.
The agency recently affirmed Curaçao’s BBB- sovereign credit rating while revising the outlook to positive, reflecting improvements in fiscal management and economic recovery.
S&P noted that continued responsible budget policies will be necessary to maintain financial stability.
Government spending, debt levels and fiscal reforms will remain closely monitored by international analysts and financial institutions.
Curaçao’s public finances are also subject to oversight mechanisms within the Kingdom of the Netherlands, which were introduced after the dissolution of the Netherlands Antilles in 2010.
These arrangements were designed to ensure sustainable government finances and prevent excessive borrowing.
According to economists, maintaining fiscal discipline while supporting economic development will be one of the central challenges for Curaçao’s government in the coming years.