The Central Bank of Sint Maarten & Curacao (CBCS) hosted the 64th bi-annual meeting of CARICOM Central Bank Governors in Philipsburg on May 22–23 2025, bringing together senior officials from eleven Caribbean jurisdictions to review regional economic developments and financial-resilience priorities. Discussions focused on global trade-policy uncertainty and the risk of supply-chain disruption and inflation, with governors agreeing on the need for a coordinated regional response. A key outcome was the signing of a cooperation agreement with the World Bank and the International Finance Corporation to develop a regional green taxonomy, signed by Governor Kevin Greenidge on behalf of the group. The meeting also reviewed progress across regional initiatives and working groups, including the Caribbean Group of Banking Supervisors, the Cybersecurity Information Sharing Group, the Fintech Working Group and the Regional Reserves Managers Group. Priorities highlighted included development of a centralized e-KYC/customer due diligence system, a successful proof-of-concept for the CARICOM Payment and Settlement System enabling real-time cross-border payments, and discussions on issuing a USD 200 million regional bond to support climate-resilient infrastructure. Governors agreed to reconvene in Curaçao in November 2025.
Central Bank of Sint Maarten & Curacao 2025-05-23
Central Bank of Sint Maarten & Curacao hosts CARICOM governors meeting and signs World Bank IFC agreement to develop a regional green taxonomy
The Central Bank of Sint Maarten & Curacao hosted the 64th CARICOM Central Bank Governors meeting, focusing on regional economic developments and financial resilience. Key outcomes included a cooperation agreement with the World Bank and IFC for a regional green taxonomy and progress on initiatives like a centralized e-KYC system and a proof-of-concept for real-time cross-border payments. Discussions also covered issuing a USD 200 million regional bond for climate-resilient infrastructure.