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Central Bank Calls for Less Red Tape to Strengthen Curaçao's Economy

Local, Economy, | By Correspondent June 25, 2026

 

WILLEMSTAD – The Central Bank of Curaçao and Sint Maarten (CBCS) says reducing bureaucracy and accelerating structural reforms should be among Curaçao's top priorities if the island wants to sustain economic growth in the years ahead.

In its June 2026 Economic Bulletin, the Central Bank outlines several policy recommendations aimed at creating a stronger and more competitive business environment.

Among the key recommendations is reducing administrative burdens and cutting unnecessary red tape that can slow investment and business development. The Bank also calls for greater regulatory predictability to provide businesses and investors with more certainty when making long-term decisions.

The CBCS further recommends improving logistics and trade facilitation, expanding access to financing—particularly for small and medium-sized enterprises—and addressing Curaçao's shortage of skilled workers through education, vocational training, and workforce development programs.

According to the Bank, these reforms are essential to maintaining the island's economic momentum as growth gradually moderates over the coming years following several years of strong expansion.

The report also emphasizes the importance of promoting inclusive economic growth while reducing income inequality, ensuring that the benefits of continued economic development are shared more broadly across society.

Although the CBCS projects that Curaçao's economy will continue to expand, it warns that structural reforms remain necessary to improve productivity, strengthen competitiveness, and prepare the economy for future external shocks.

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