WILLEMSTAD – The Curaçao government is moving ahead with a major financial rescue operation for the Curaçao Medical Center (CMC), including tens of millions of guilders in structural support and planned capital injections.
According to the Financial Management Report for March 2026, the government recognizes the hospital’s financial position as highly vulnerable and says a multi-part solution has been developed in cooperation with CMC management.
The report states that the strategy consists of both structural operational support and large balance-sheet interventions. Since 2025, the government has already incorporated several recurring support measures into the national budget, including:
- Cg. 10 million annually for uninsured patient care;
- Cg. 3 million annually to improve labor conditions for CMC personnel;
- assumption by the government of approximately Cg. 18 million per year in capital costs linked to the Dutch loan used to build the hospital;
- and an additional Cg. 10 million yearly contribution to support CMC operations.
The report also notes that earlier reductions of Cg. 9 million in SVB healthcare funding have been reversed and are now again part of the annual healthcare budget.
Beyond operational funding, the government plans a major restructuring of CMC’s balance sheet. This includes a planned capitalization of CMC Vastgoed worth Cg. 87 million and another capitalization of CMC Exploitatie worth Cg. 24 million.
Officials say these interventions are necessary because CMC has been unable to build sufficient reserves for replacement investments and has struggled with negative equity positions.
The government stressed that the rescue operation will only proceed if CMC governance structures are brought fully in line with Curaçao’s corporate governance legislation, including additional checks and balances for oversight.