THE HAGUE, WILLEMSTAD – More than six years after the start of the COVID-19 crisis, Curaçao still has XCG 842.2 million outstanding on the liquidity financing provided through the Netherlands during the pandemic.
The figure appears in the Netherlands’ proposed 2027 Kingdom Relations budget, which provides an overview of outstanding loans as of August 1, 2026.
The Dutch budget values the outstanding Curaçao COVID loan at approximately €414.3 million. It carries an interest rate of 2.9 percent and has a maturity date in 2043.
Curaçao and Sint Maarten received several liquidity loans between 2020 and 2022 as their economies and government revenues were severely affected by the pandemic.
The loans were intended to allow the countries to maintain public services and finance support measures for residents and businesses.
In October 2024, the COVID loans for Curaçao and Sint Maarten were refinanced. Curaçao received a 20-year refinancing arrangement at an interest rate of 2.9 percent, while Sint Maarten received a 30-year term at the same rate.
The Dutch government is planning a separate evaluation of the refinancing of the liquidity loans provided to Curaçao, Aruba and Sint Maarten, although the 2027 budget does not specify when that evaluation will be completed.
The COVID debt represents a significant portion of Curaçao’s overall outstanding borrowing from the Netherlands, which stood at approximately €1.44 billion as of August 1.