(Oranjestad)—Last week, Minister of Finance, Xiomara Maduro, met with rating company FITCH, who these days are making a financial and economic evaluation of Aruba in order to provide an insight for future investors on the credibility of the island nation’s finance, expressed through a rating.
During the meeting, Minister Maduro, along with professionals from the Department of Finance, gave a presentation that gives an overview of the financial and economic situation of Aruba. She explained the economic recovery on the island following the pandemic; the Tax Plan 2023 that has already been implementing; overview of the jobs that correnspond with the “Landspakket”; the financial supervision of CAFT and the businesses to refinance the debt to The Netherlands for their help with the costs of the pandemic.
FITCH also met with different people and instances on the island to hear their side and to hear how they see the development and recovery of Aruba. At the end, FITCH met with Prime Minister Wever-Croes and Minister Maduro in order to learn more about the political management which is also of utmost importance for stabilizing the rating for Aruba.
FITCH’s evaluation report can be expected at the end of March. Minister Maduro hopes that the Aruba’s economic recovery and the dedication that the government showed in attending to financial challenges of our island can be reflected in the “investing” rating of FITCH.
