WILLEMSTAD – The Curaçao government is preparing a combined XCG 111 million capitalization of the two entities behind the Curaçao Medical Center as part of a broader effort to address the hospital’s financial problems and finance future replacement investments.
The plan consists of an XCG 87 million capitalization of CMC Vastgoed and XCG 24 million for CMC Exploitatie, according to the government’s June 2026 Financial Management Report.
For CMC Exploitatie, the government says the XCG 24 million would address an unfunded reserve for replacement investments. The government would finance those investments according to CMC Exploitatie’s multi-year investment plan.
The capitalization would take place through the government’s balance sheet and, according to the report, would therefore not directly affect the ordinary budget.
The government says the value attributed to CMC Exploitatie would not exceed the value of its medical equipment, information technology systems and inventory. A similar approach applies to CMC Vastgoed, where the capitalization would be backed by the appraised value of the hospital building.
However, the financial intervention comes with an important condition. The governance structures of CMC Vastgoed and CMC Exploitatie must first be brought into compliance with Curaçao’s Corporate Governance Ordinance.
The government says those rules are necessary to provide sufficient checks and balances and protect Curaçao’s interests in the hospital entities.
The capitalization is only one component of the government’s broader CMC financial strategy. Since 2025, the budget has included XCG 10 million annually for healthcare provided to uninsured patients, XCG 3 million for improved employment conditions for CMC personnel and the government’s assumption of approximately XCG 18 million annually in capital costs related to the Dutch loan used to construct the hospital.
The XCG 111 million capitalization itself is not new policy: it was already described in earlier government financial documents and Curaçao Chronicle reported on the broader CMC rescue plan in May. The June report, however, confirms that it remains part of the government’s financial approach.