Tag: Defaulted On fls.50 MILLION Payment

Report: St Maarten Funds Itself Solely With The Dutch Treasury, Needs Holland’s Support, Defaulted On fls.50 MILLION Payment

Sint Maarten, a constituent country of the Kingdom of the Netherlands, funds itself solely with the Dutch Treasury and has not demonstrated independent market access. This results in very low borrowing costs for Sint Maarten but also requires continued political support from the Netherlands. Last year differences between the two nations, including lack of agreement on the speed of implementation of certain cost reduction measures, led to the government of the Netherlands to temporarily withhold liquidity support and a delay in debt payments by Sint Maarten.

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