THE HAGUE - Curaçao and Sint Maarten have met the Dutch conditions in time to qualify for payment of the remaining part of the second tranche of liquidity support in the context of the corona crisis.

The first part was already transferred last month. The second, intended to allow the islands to pay wages subsidies to prevent redundancies, would only be granted after the islands themselves had contributed 20% to workers. The Financial Supervision Council has established that both countries have met this condition, Undersecretary Raymond Knops of the Interior and Kingdom Relarions reports to the Second Chamber of the Dutch Parliament today.

Curacao

63 million guilders has been made available for Curaçao for the benefit of the wage subsidy scheme. This amount is part of the total interest-free loan for the second tranche of liquidity support of 204 million guilders (€ 104.7 million).

Aruba

For the benefit of the wage subsidy scheme, 49.4 million guilders was made available for Aruba. This amount is part of the total interest-free loan for the second tranche of liquidity support of 113.3 million guilders (€ 58.3 million).

On 3 July, the Kingdom Council of Ministers decides under what conditions the countries can take out a third loan.