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Friday 11 February 2022 locAl
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Agreement reached on Kingdom Act

liquidity loans, it has been implementation agendas COHO containing the mu-
agreed that the countries for each Caribbean coun- tual tasks, roles, and re-
would accelerate reforms try to take steps in a way sponsibilities will be estab-
to strengthen them. The that suits them. COHO will lished. COHO and the C(A)
countries are keeping to support and supervise the ft will consult with the gov-
that agreement. The aim is implementation of subjects ernments of the countries
for the economy and soci- described in the packages. on the cooperation proto-
ety to better absorb a crisis These tasks are now still per- col before it can be estab-
in the future, which will en- formed by the Temporary lished or amended.
able the governments to Work Organization (TWO). Aruba, Curaçao, and St.
offer new opportunities to The four countries have Maarten have drawn at-
residents and businesses. reached a final agreement tention to several concerns
ORANJESTAD - Aruba, Cu- demic, the economies of The establishment of an on the elaboration of the regarding the enforceabili-
raçao, Sint Maarten, and Aruba, Curaçao, and Sint independent Caribbean Kingdom Act this week. ty of the Act within the con-
the Netherlands agreed on Maarten were severely af- Reform and Development The changes compared to stitutional legal order. These
the submission of the pro- fected. The Netherlands Body was agreed upon to previous consultations in- concern the safeguarding
posed Kingdom Act Carib- offered assistance in com- support the countries. clude clearer agreements of the governments' poli-
bean Organ for Reform and bating COVID-19 and also In anticipation of the for- with the countries about cy space and autonomy,
Development (COHO). supported food packages. mal establishment of the the processing of the na- the concurrence between
They also provided one bil- COHO, a country pack- tional packages in the C(A)ft and COHO, and the
The Kingdom Act forms the lion euros in emergency aid age has been agreed with various budgets. It was also room for investments to
foundation for a new form in the form of liquidity loans Aruba, Curaçao, and Sint agreed that the existing implement the reforms and
of multiyear cooperation to support public finances Maarten each. The coun- objections regarding the flanking policies. The Neth-
between the countries in in the event of a sudden try packages' measures powers of the financial su- erlands promised to enter
the Kingdom. halt in economic activity. will be further developed pervisors C(A)ft will be fur- into discussions and agree-
Due to the COVID-19 pan- As a condition for granting per country in subsequent ther elaborated during the ments on these matters.
implementation phase. The bill will now go to the
Also, the agreements on parliament of the coun-
the possible implications tries and the Lower House
of the elaboration of the of Parliament, and later in
cooperation protocol be- the process, the Senate will
tween the C(A)ft and the also debate it.q

Nicole Hoevertsz hands over

medals to the international
athletes at the Winter Olympics

ORANJESTAD — Mrs. Nicole Hoevertsz, COA Secretary
General of the Aruba Olympic Committee and Vice
President of the InternaTional Olympic Committee, had
the honor to present the Gold medallion to the legend-
ary Irene Wust of the Netherlands as she writes history in
Beiijng, China. Wust managed to conquer the gold medal
at the 1500m skating competition

Aruba is very proud of Hoevertsz who is standing out inter-
nationally with athletes from around the world.q