D66’s proposal for a kingdom investment bank (see related story) seems interesting. It is to target projects in areas such as climate, energy, technology, innovation, water and soil.
While not the most influential in terms of parliamentary seat numbers, the current opposition party has significant relevant governing experience, particularly when it comes to Kingdom Relations. They realise that while the Netherlands spends a considerable amount of money on promoting sustainability in the Dutch Caribbean, these efforts are often too incidental and poorly coordinated, rather than part of a – usually more effective – comprehensive and clear approach.
For that reason, the National Growth Fund would be restructured and incorporated into the new bank, with a broader mandate and greater resources. Small and medium-sized businesses are also to have access to its funding.
Perhaps repayment of the COVID-19 loans by Curaçao, Aruba and St. Maarten can be redirected to serve this purpose. Whether as a debt-for-environment swap or through such a development financing institution, the islands should be allowed to use these means for their enhanced resilience.
