WILLEMSTAD – Disagreements between Curaçao and Sint Maarten have repeatedly delayed appointments to the supervisory board of the Central Bank of Curaçao and Sint Maarten.
According to the Curaçao government, the inability of the two countries to reach consensus on candidates has been a recurring issue since the current constitutional structure of the Kingdom took effect on October 10, 2010.
In several cases, the impasse meant that board members were not appointed by the governments themselves but by the president of the Joint Court of Justice.
Officials say the situation demonstrates how political disagreements between the two countries can affect the governance of joint institutions.
The latest tensions emerged following discussions about the nomination of a new chairman for the supervisory board of the central bank, a position that has remained at the center of debate between the two governments.
The central bank plays a key role in overseeing the financial system of both countries and managing the monetary union that uses the Caribbean guilder.