Opportunities for Economic Recovery in 2018
Looking Out on the Horizon
In an attempt to get a pulse of the status of the economy for 2018, and what lays on the economic horizon, the course of the economic prospectus should be changed as there are still many opportunities for economic growth and investment here on the island that can lead us on the road to economic recovery. TEXT BY HELEN GRIFFITH
There are a significant number of projects that will materialize this year that have the power to fuel the impetus towards an economic revitalization. A number of key public investments are in the pipelines and promise to deliver that much-needed momentum to start us on our journey to economic recovery. In addition, several initiatives within the private sector,
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CURAÇAO BUSINESS
from both foreign and local investors, have been facilitated by the government and are now in their early phases of development. At a recent presentation held by the Ministry of Economic Development, Minister Steven Martina laid out an overview of the plans that the government has in store for the recovery of
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our local economy. The event was kicked off with Prime Minister, Eugene Rhuggenaath’s endorsement of the plans. He acknowledged that the recent downturn in the economy was due to a number of different factors which amounted to “a perfect storm” and that Curaçao must take aggressive measures to change the course of the economy. He appealed to the greater business community for their support through private investment and highlighted the need to create an attractive environment for foreign investors as well. As Minister Steven Martina presented the details of the island’s economic outlook, he noted that there were significant factors that led to a sudden economic downfall. The political and economic crisis in Venezuela has
