WILLEMSTAD - Several important government entities - such as Curoil, Curaçao Airport Holding (CAH) and Aqualectra - have indicated that the corona crisis has a major negative impact on the financial results and even the cash position of these state companies.

This was reported by the Emergency Fund Covid-19 Curaçao Committee. The aforementioned companies, which are active in the public domain, are faced with a loss of turnover and possible losses (because customers can no longer pay) that will "have a particularly strong effect" on their results for 2020 and on their liquidity position. "Concrete requests for financial support have already been received from some government entities," writes the committee chaired by banker Daisy Tyrol-Carolus.

Although this situation was to be expected, the Committee proposes that the government initially try to solve the liquidity problems through additional credit facilities, whether or not guaranteed by the government, in consultation with the banking sector.

"Should this not (entirely) succeed, then it is expected that liquidity support will be needed at a later stage if the crisis continues." Curoil, the public limited company charged with the distribution and supply of fuel products, has seen a significant drop in turnover. Both with regard to car traffic in connection with the lockdown, and air traffic by closing the air borders. The latter also caused problems for the airport.