The International Monetary Fund issued a Central Bank Transparency Code Review for the Kingdom of the Netherlands’ Curaçao and Sint Maarten, focusing on the Centrale Bank van Curaçao en Sint Maarten (CBCS) and the role of transparency in the central bank’s ongoing modernization. The report notes that public trust in the CBCS was damaged by the failures of two large institutions under its supervision in the 2010s, and frames enhanced transparency alongside internal governance improvements and regulatory reforms as a tool to strengthen institutional credibility. It also highlights the CBCS’s position as the central bank for two countries within a monetary union, which raises expectations for clear communication and stakeholder engagement across both jurisdictions, across areas including financial sector stability, macroprudential policy, lender-of-last-resort functions, foreign exchange, and AML/CFT.
International Monetary Fund 2026-03-30
International Monetary Fund publishes Central Bank Transparency Code review of the Centrale Bank van Curaçao en Sint Maarten
The International Monetary Fund published a Central Bank Transparency Code Review for the Centrale Bank van Curaçao en Sint Maarten, assessing transparency as part of modernization. The report links enhanced transparency, internal governance improvements, and regulatory reforms to rebuilding trust after past supervisory failures, and underscores heightened expectations for clear communication and stakeholder engagement across both countries, including on financial stability, macroprudential policy, lender-of-last-resort functions, foreign exchange, and AML/CFT.