WILLEMSTAD - The implementation of the Mutual Regulation, which was signed at the beginning of this month, will yield more revenue than initially estimated. Earlier, it was communicated that realizing the agreement would generate the same amount of revenue as the consensus Kingdom Act COHO, but according to the Curaçao government, that is incorrect.
Various media platforms, including the Dutch newspaper Antilliaans Dagblad (AD), reported that the Netherlands had reserved 457 million euros for COHO to make direct investments in the Caribbean countries from 2021 to 2026. The Mutual Regulation replaces COHO, but the former would bring more money into the Curaçao treasury.
The Netherlands made some adjustments, which have increased the revenue from implementing the Mutual Regulation to 610 million euros. That is 153 million euros more than COHO.
The spokesperson for the State Secretary of Kingdom Relations stated that they have spoken to the editor-in-chief of AD and pointed out the incorrect reporting, as stated by the government.
In response, AD wrote this morning that the spokesperson's previous statements to the newspaper had caused confusion.
This news is significant for Curaçao, as it means that they will receive more funding to help address their economic challenges. The Mutual Regulation aims to strengthen the financial management of the Caribbean countries, which have been struggling with economic issues for years. The extra revenue from implementing the Mutual Regulation could potentially make a significant impact on the economic recovery of Curaçao.