Cft: “Control of participations starts with policy”

Willemstad – During its most recent Board visit, the Board of financial supervision of Curacao and Sint Maarten (Cft) stressed the importance of adequate control of the so-called government entities. Financial risks at these entities may have immediate and negative consequences for the national budget. The Cft urges Curacao to develop an integral participation policy. In doing so, the government gains a clearer insight into risks, and more control of dividend income. Adequate supervision and active shareholdership enhance the Country's financial position.