WILLEMSTAD – The Social Insurance Bank of Curaçao operated throughout 2025 without a functioning Supervisory and Advisory Board, according to the institution’s annual report.
The report states that supervision of SVB’s management and the task of providing advice on SVB matters are formally assigned to the Raad van Toezicht en Advies, or Supervisory and Advisory Board. Under the SVB National Ordinance, the board must consist of a chairperson and six members appointed by the Governor for a three-year term.
The board is supposed to include one representative from labor, one from employers, four representatives from other social groups and a chairperson. However, SVB reports that the appointment period of the last sitting board member expired on December 29, 2024. No appointments or reappointments were made during the 2025 reporting year.
This means the institution responsible for managing major social insurance funds, including AOV, AWW, BVZ, ZV, OV and AVBZ, went through the year without the oversight body required by law.
The report also notes that SVB management is entrusted to a director who is accountable to the responsible minister. In 2025, the position of director was held by François M.C. Simon, together with deputy director Paul E. Tramm.
Ministerial responsibility for SVB fell under the Ministry of Social Development, Labor and Welfare. During 2025, that portfolio was held at different times by Prime Minister Gilmar Pisas in an acting capacity, then by Dayanara Chin-A-Lien Roozendal, and from June 9 by Charetti America-Francisca.