On Thursday September 15th the World Bank and the Government of Curaçao signed a Memorandum of Understanding (MoU) focused on strengthen the relations and promoting the exchange of knowledge and expertise in areas of mutual interest. The Country Director for the Caribbean at the World Bank Ms. Sophie Sirtaine came to Curaçao for the official signing ceremony. The Government of Curaçao was represented by the Minister Economic Development.
The Minister of Finance was also involved in the process to get to this MoU. Both ministers were happy this MoU was signed as it is an expression of Curaçao’s desire to establish meaningful working relationships with strategic international partners in support of Curaçao’s long term sustainable development goals.
Deadline: 13-Jun-2016 at 11:59:59 PM (Eastern Time – Washington D.C.)
Government will need to build institutions to achieve a significant leap in efficiency and effectiveness in the delivery of the PPP program including project identification and preparation, project appraisal and transactions negotiations and closing with the private sector, and financing of PPP transactions. To achieve this, the Government is considering establishing an Infrastructure Fund which could consist of several sub-funds, including an infrastructure venture capital fund, an infrastructure equity fund, and an infrastructure debt fund.