Dear Editor,
This article describes some of the ways in which countries with financial difficulties can access funding assistance from international lending organizations for economic development and prosperity. These institutions provide assistance to government and their organizations around the world, to bring financial security and prosperity to their people to overcome poverty and financial hurdle.
The United Nation (UN) was created by President Franklin D. Roosevelt on January 1, 1942, during the Second World War. The organization came into existence on October 24, 1945. Its Charter was signed by 50 supporting countries on June 26, 1945. Since that time membership grows from 50 in 1945 to over 151 countries today.
Some of the original members are: United States, Soviet Union, China, Britain, Canada, France, and the Netherlands. Headquarters is in New York, and with offices around the world. The aims of the United Nations are “to maintain international peace and security”, and “to develop friendly relations among nations based respect for the principle of equal right and self-determination of people.”
The United Nations established the World Bank between 1945 and 1960. The World Bank is made up of three financial institutions, namely: the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC), and the International Development Association (IDA). All three institutions were established to help raise living standards in developing countries by channeling financial resources to those countries.
The IBRD only lends money for productive projects purposes such as roads, railways, education, health, ports and power facilities, energy, agriculture and rural development. Loan must be guaranteed by government. All loans must be for specific projects. The bank’s decision to lend must be based on economic conditions. Loans may be made to member countries, or to their political subdivisions or to private business in their territories.
The IFC is a separate entity closely affiliated with the World Bank. It assists in financing private businesses which contribute to development by making investments, without guarantee of repayment by the member government. It brings investment opportunities, foreign capital, and management in member countries.
The IDA provides lending to poor countries on much easier terms. It’s also an affiliate of the World Bank. In order to borrow from the (IDA), a country must meet four criteria: “It must be very poor – meet the poverty ceiling Income Per Capita of the National Income in United States currency”, “It must have sufficient economic, financial and political stability to warrant long-term development lending”, “It must have an unusually difficult balance of payments problem and little prospect of earning enough foreign exchange”, “It must have a good commitment to development in its polices”.
The IMF promotes international co-operations on monetary issues. It promotes international trade, regulates exchange stability, makes funding temporarily available to member countries, lends to overcome financial difficulty. Loans are not freely given. Countries may ask to devalue their currencies.
These institutions lend money under strict security conditions, and government must have a policy plan in place to receive financial assistance. On the other hand, government must play a vital role in implementing strategies and polices to make funding easier from these institutions.
A government is elected to serve and manage the financial well-being of the economy and its people. Statistical and accounting measurement of the gross national product (GNP), national income (NI), gross domestic product (GDP), are needed to keep track of the economy. A careful study of the country’s per capita income must be currently reviewed and updated annually to overcome the level of poverty.
It is important to increase the living standard of people in the country. Government can do so by implementing a 3.5 to 4.0 percent wage increase rate at the lowest wage scale for workers annually. Keeping track of the balance of payments and the balance of trade figures is also important in making sure that the outcome is favorable, and not adverse. A registry of young unemployed must be kept at all times. The National Loan Fund records should be also monitored.
Low income wages should be considered non-taxable to increase consumer purchasing power. These important measures will lead to economic stability and financial prosperity in the country.
Finally, investors usually look at factors surrounded the economy of countries before deciding to invest or make funding available for economic development purposes. Basic measurements such as the national income, the gross domestic product, balance of payments and trade, per capita income and the standard of living will help to increase the quality of life for the people in the country.
Joseph Harvey
Dear Editor,
Smitcoms fiber is down for two years now, UTS says they have no more … we’re all out!
Both the Minister and the Bureau of Telecom have been made aware of this a while ago.
But to tell you the truth, I also wrote to Santa.
Merry Christmas to all,
Jean de la Salle
Coral Telecom
Dear Minister De Weever,
We are writing this letter to thank you for giving us a chance to rehabilitate and to help us with our job here in Curaçao, at the same time.
Some of us were lucky enough to try and gain from the situation we were placed in. But the blame and heat goes to the Director of Sint Maarten who lied to us inmates about the relocations where we will be gong.
We will be the first to say that in the beginning it was very hard, because some inmates never spoke the language Papiamentu, but we were mostly angry because the Director lied to us about where we were going to.
We can talk all about ourselves in which this situation turned beneficial as an inmate, or shall we say as a person. We started to learn three new languages: Spanish, Papiamentu and Dutch. When we had no lessons we asked the SDKK Activity Department to help us and they did happily knowing that we were from Sint Maarten. We showed interest and we learned what we didn’t know first when we came here.
When the first six months expired, we assumed we were going back, we the inmates were prepared to go back. But then the Director of the Pointe Blanche prison extended the time longer without contacting inmates’ family or the inmates themselves. We can say that we called the prison of Sint Maarten a lot of different times to speak with the Director, but every time they were too busy to talk. The only persons that could have tried to help us inmates and calm our minds were the social workers, Mrs. Gumbs and Mrs. Lake. No other people from the Sint Maarten prison with the means to help us.
We consent to stay in Curaçao until the prison is fixed, because that’s why they sent us to here in the first place.
After the hurricane Sint Maarten had no form of resocialization, no school lessons, no bible classes, nothing. We are now a year here in Curaçao and the SDKK prison (Sentro di Detenshon I Korekshon Kòrsou) and they provided us, on your and Minister Girigorie’s request, with jobs to help ourselves. And now some of us have a choice to go to school and learn Spanish, Dutch and Papiamentu.
Again we, the inmates of Sint Maarten, residence in prison SDKK in Curaçao, thank the SDKK staff and the whole Management Team of SDKK, but most of all Mr. Urni Floran (director, for putting his shoulder under this), Mrs. Malvina Cecilia (Head Unit Corrections, who didn’t hesitate to make this happen), Mrs. Sheila Celestina and Mr. Etienne Martis (members of the sewing department where we are located, who helped teaching us everything with care and professionalism), and most of all Mr. Carlos Gomez (sewing master from the Pointe Blanche prison, relocated in Curaçao for this special project, who is the undiscussable ongoing teacher we ever knew) for giving us the chance to work, learn and most of all for believing in us and giving us a chance in SDKK in Curaçao. Thank you people of Curaçao.
Inmates of St. Maarten in Curaçao.
Dear Editor,
At certain times, children asked about spirits of dead people coming out of their graves and roaming the streets. The look of great fear was in their eyes.
It is very important that children be taught the truth about the dead. Neither parents nor others should mislead them, making them scared.
Ecclesiastes 9:5, 6, 10 states in part: “The dead know not anything … their love, and their hatred, and their envy, is now perished … there is no work, nor device, nor knowledge, nor wisdom, in the grave, whither thou goest.” According to these verses, dead persons know nothing; they cannot love or hate us; they cannot do anything. Hence, a dead person does not have a spirit that comes out of his or her grave in early November or at any time.
When Lazarus died, he knew nothing during the four days he was in the tomb (John 11:14, 17, 39). Only after Jesus resurrected Lazarus back to life did he know things again (John 11: 43, 44). Therefore, the only time a dead person will live again is when Jesus Christ performs the future resurrection that Acts 24:15 mentions.
God hates lying, as Ephesians 4:25 proves. So wise parents and others will not mislead kids and scare them about the condition of the dead. They will tell them the truth, thus setting them free from fear (John 8:32).
Simeon James
St. Vincent and the Grenadines
Dear Editor,
I had just left UTS from paying a bill, yes, I still stand in line instead of going on line. I believe the more people go on line the less jobs become available and because it seems as if there is no incentive for the government of St. Maarten to be innovative and look for secondary means to fall back on when our tourism is not any more as it used to be, I am walking the talk. Along with that, because of increasing cybercrime and credit card and ATM schemes I believe the longer business could be handled personally I will stand in line.
Not to forget that there is very little personal contact with each other anymore. Everything is via the cell phone. Haven’t we all been complaining about the way we are being attended by those people in the government building. I believe that that good morning and good day and that smile has been replaced by the cell phone. So, I will stand in line smile, greet everyone, even though some people are surprised when one enters a building and wish them a good morning or good day with a distinctive voice.
Coming back to where I started this letter, when I ran across a long-time acquaintance who was back on the island to repair her home which was destroyed by [Hurricane – Ed.] Irma, in talking about construction the name utilities came up so the conversation turned into “where all the local hardware stores gone?” Names like Carib Lumber, Builders Paradise, Van Grieken, Wilmart, Island Material and so on were mentioned. There was some old talk so competition against the locals was mentioned.
I have mentioned several times that because of the infrastructure of St. Maarten, is so that if you are on the road long enough you will meet several people at least twice a day so once in a while a conversation may start and, as usual, depending on the relationship with each other certain information is passed on. I have learned to be a good listener and thanks to the Lord my memory is still alright. So, there are some things that come to mind in connection with government not protecting the locals against unfair competition.
Because we live in a hurricane belt and it is inevitable that we will be threatened or hit by hurricanes certain members of the St. Maarten Island Council and later Members of Parliament have made deals with persons who were willing to make deals with investors got involved in the hardware store business, sold their products at less than the purchase prices (bought for $10, sold for $8) and in no time the local St. Maarten hardware stores could not compete anymore and were obliged to close doors. Consequence is that there was no control on the prices in the hardware stores. And when government was approached by the local businessmen with what was happening the locals were told that that is free enterprise and the government could do nothing about it.
Case in point, because of price gouging by the hardware stores after Irma government was obliged to publish the maximum prices that the people of St. Maarten should pay for products at the hardware stores. So, this made it impossible for the local aspiring entrepreneur to do so. One could not take the risk to grow in one’s own country because one was not and is still not protected by government. So, I have to ask like that lady: where are all the local hardware stores?
When I told someone that I was going to write a letter to the Editor of the Herald concerning this, he said they help outsiders come in, now they themselves are suffering because things have gotten out of control. The outsiders have grown so powerful, so they themselves can’t get building material for themselves anymore so they decided to do the only thing they can do is to fool the people by publishing maximum prices which they should pay for building material.
I read that the French side accepts that they are been plagued by gypsies. When are we going to try to curtail what is happening on the Dutch side? Don’t we know that it is so blatant here that a few guys living on Anguilla are so brazen that on busy ship days they rent a car for the day and transport tourists around the island?
By the way, I still feel offended by those who voted against the “safe school plan”.
Russell A. Simmons
