Page 19 - Min Mike De Meza
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SFX, BMI The 2015
and C2W to budget funding has
speak at been finalized
ADE Global
Sessions AFTER the Parliament approving the budget last May and the Cft giving positive remarks
Aruba regarding the financing, Minister of Finances Mr. Angel Bermudez finalized the funding of
the 2015 budget last Friday.
A number of speakers have Minister Bermudez sought the Kingdom Minister Council’s approval on international market
financing and this was approved on June 12 by the Kingdom Council. Afterwards Minister
been added to the line-up Bermudez along with Finance Management experts took a tour in Europe to research the dif-
for ADE Global Sessions Aru- ferent markets and find the right one to fund Aruba’s 2015 budget.
ba, including Edo van Duyn
from SFX South America, After lots of meetings and research the Minister finally obtained an attrac-
Brandon Bakshi from BMI tive offer from Credit Suisse for a total of US$ 127 million.
and Ivan Berry from C2W Friday morning the Governor signed the degree to authorize this
Music, Luis Estrada from loan, of which the US$ 85 million will be available immediately.
Aftercluv, Maarten Vorwerk, According to Minister Bermudez the remainder of the amount
Leizer Guss from OCESA will be made available later in the year when it is needed.
and Michael ‘Fellow’ Lampe. This loan must be paid during the period of 2016 and 2022.
Minister Bermudez is extremely satisfied with this
Global Sessions is described achievement, since this loan
as ADE’s “touring creativ- will help cover this
ity platform”. It heads to years’ budget defi-
Aruba from September 4 cit. He is also
to5 and forms part of the very proud and
Electric Festival (EF), which happy that the
is organized in conjunction international
with the Aruba Tourism market has
Authority. proved once
more that
ADE will present two days they trust
with exclusive industry Aruba.
meetings, top Q&A’s, pop-up
parties, master classes and Tuesday, August 11 2015 - ARUBA TRAVELLER
exhibitions with a special
focus on electronic dance
music in the Latin American
and Caribbean region as an
intersection between North
and South America.
Electric Festival’s confirmed
headliners are Afrojack,
Loco Dice, Nervo, Paco Os-
una and many others.
2 LOCAL
