LANDSCOURANT - Sint Maarten · 2018-06-08 · LANDSCOURANT VAN SINT MAARTEN Jaargang 2018, nummer...

SINT MAARTEN

LANDSCOURANT National Gazette

Tweewekelijkse officiële uitgave van Sint Maarten Jaargang 2018, nummer 12 Datum 8 juni 2018

Uitgever: Ministerie van Algemene Zaken,

Afdeling Juridische Zaken en Wetgeving Soualuiga Road #1 Pond Island, Great Bay

Philipsburg, Sint Maarten

Tel.: 1721 5200086.

Betaling via rekeningnummer: 32480003 (WIB)

o.v.v. Landscourant en uw factuurnummer of bij

Ontvanger.

Abonnementsprijs per 18 november 2011:

- Abonnement: Naf. 100,- incl. portokosten per jaar bij vooruitbetaling;

- Losse nummers Naf. 4,-. Te koop bij de

Ontvanger.

Voor aankoop losse nummers en voor plaatsen

mededelingen is een betalingsbewijs vereist.

Aanleveren mededelingen:

- bij: [email protected] - of op het adres van de uitgever op een

digitaal medium.

Aanleveren uiterlijk dinsdag 19 juni 2018 a.s.

voor 12.00 uur ’s middags.

Tarieven afhankelijk van formaat, te vinden op

www.sintmaartengov.org (AB 2011, 33)

INHOUDSOPGAVE PAGINA

Echtscheiding, Liquidatie, Oproeping 2

Announcement Civil Code of Sint Maarten 3

Ministeriële beschikking van Minister van Financiën 8

Terms of reference for Senior Program Manager (Administrative) 9

Terms of reference for Senior Program Manager (Technical) 12

Terms of reference for Project Manager (Infrastructure and Disaster Risk Management) 15

Terms of reference for monitoring and evaluation specialist 19

Conversion of 1986-1994 Issue Banknotes 23

Condensed Balance Sheet 24

LANDSCOURANT VAN SINT MAARTEN Jaargang 2018, nummer 12 Datum: 8 june 2018

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ECHTSCHEIDING

Bij exploit van de 29ste mei 2018, heb ik Ervin

A. Arrindell, deurwaarder bij het Gerecht in

Eerste Aanleg van Sint Maarten,betekend: een

rechterlijke beschikking van het G.E.A. Sint

Maarten,van de 9de april 2018 met bevel om

aan de inhoud daarvan te voldoen en waarbij de

echtscheiding is uitgesproken tussen:

CHANTAL DEBORAH GUMBS wonende op Sint

Maarten & AKEEM ORLANDO ROSE, zonder

bekende woon- of verblijfplaats op Sint

Maarten. Partijen zijn op 7 april 2012 te

Clarendon, Jamaica in algehele gemeenschap

van goederen met elkander gehuwd.

De deurwaarder voornoemd,

E.A. Arrindell.

ECHTSCHEIDING

Bij beschikking gewezen op 25 mei, 2018, door

de E.A. heer Rechter bij het Gerecht in Eerste

Aanleg, zittingsplaats St. Maarten, tussen,

Amos Elkanah Lamothe wonende op

St.Maarten en Zetelia Alfred wonende in de

Verenigde Staten van Amerika is 6 november

2017 uitgesproken de echtscheiding tussen

partijen voornoemd.(E 22/16)

De deurwaarder,

S.M. APON

TUNA TRAPE PRIVATE FOUNDATION In liquidatie, gevestigd te Sint Maarten

Bij besluit van het Bestuurder van de

Stichting Particulier Fonds is besloten

de Stichting per mei 3, 2018 te

ontbinden.

Vistra Curacao N.V.

ECHTSCHEIDING

Bij exploit van de 4de juni 2018, heb ik Ervin A. Arrindell, deurwaarder bij het Gerecht in Eerste Aanleg van Sint Maarten, betekend: een rechterlijke beschikking van het G.E.A. Sint Maarten,van de 14de mei 2018 met bevel om aan de inhoud daarvan te voldoen en waarbij de

echtscheiding is uitgesproken tussen: KENDELL EZEKIEL JAYSON EDWARDS wonende op Sint Maarten & JACQUELLINE ROCHELLE HARRIGAN, zonder bekende

woon- of verblijfplaats op Sint Maarten. Partijen zijn op 10 maart 2005 op Sint Maarten in algehele gemeenschap van

goederen met elkander gehuwd. De deurwaarder voornoemd, E.A. Arrindell.

OPROEPING

Bij exploot dd. 31e mei 2018, afschrift waarvan is gelaten aan de Off. van Justitie op St.

Maarten, heb ik, Solange M. APON, deurwaarder op St. Maarten, alhier. Opgeroepen: de erfgenamen van wijlen Caroline Arrindell,

waaronder de erfgenamen van Anna Clothilda Arrindell, Eunice Eudora Adams, James Alexander Adams, Vanrine Ricorder Adams, Inez Ernestine Adams, John Albertus Adams, Robert Henry Adams en Mabel Constance Adams zonder bekende woon of verblijfplaats op St.Maarten, aan de om

op maandag de 18e juni 2018 te 14:00 uur voormiddag ter terechtzitting van het gerecht in eerste aanleg op St. Maarten, ten Raadhuize aan de Frontstreet # 58 te Philipsburg alhier te verschijnen, voor de behandeling van vorenbedoelde zaak Alberto Philips & John

Martin Philips, gedomicilieerd ten kantore van

de advocaat mr. Reynolds A Groeneveldt, kantoorhoudende aan de Orange Grove Road # 18 te Cole Bay, alhier (EJ 98/18 – SXM 307/18) De deurwaarder S.M. APON


P a g i n a | 3

ANNOUNCEMENT IN CONFORMITY WITH ARTICLE 2:5 CIVIL CODE OF SINT MAARTEN

(FORMERLY KNOWN AS CIVIL CODE OF NETHERLANDS ANTILLES)

BY CIVIL LAW NOTARY M.F. MINGO

FOR THE MONTH OF OCTOBER, NOVEMBER DECEMBER 2017

INCORPORATION OF COMPANIES WITH LIMITED LIABILITY (in Dutch: "NAAMLOZE VENNOOTSCHAP")

NICA NV 10/16/17 SINT MAARTEN SUPERMARIO AIRCONDITIONING NV 10/16/17 SINT MAARTEN MY HOME CENTER NV 10/20/17 SINT MAARTEN PRESTELEC NV 10/23/17 SINT MAARTEN DNA LOGIX CANDA SXM NV 10/23/17 SINT MAARTEN

SCOTS NV 10/25/17 SINT MAARTEN MANAMA NV 10/27/17 SINT MAARTEN

MV CONSTRUCTION NV 10/30/17 SINT MAARTEN JEN HOMES INTERNATIONAL NV 11/03/17 SINT MAARTEN HILLSIDE GARAGE & TIRE CENTER NV 11/08/17 SINT MAARTEN LEONARD ENTERPRISES NV 11/15/17 SINT MAARTEN E&H HOME CENTER NV 11/15/17 SINT MAARTEN ZENG LOTTERY NV 11/20/17 SINT MAARTEN TF DEVELOPMENT NV 11/21/17 SINT MAARTEN

EARTH BUILDING SUPPLIES&RENTAL SERVICES BV 11/28/17 SINT MAARTEN ST.MAARTEN THERAPY&FITNESS CENTER NV 12/06/17 SINT MAARTEN EMPTIC IT SOLUTIONS NV 12/05/17 SINT MAARTEN SPRING HOLDINGS NV 12/05/17 SINT MAARTEN ROGIMA RESTAURANT &BAR NV 12/11/17 SINT MAARTEN CM2J NV 12/11/17 SINT MAARTEN

COST PRO ST. MAARTEN NV 12/13/17 SINT MAARTEN

THE GREEN HEALTH CORPORATION NV 12/13/17 SINT MAARTEN NICA MARINE SERVICES NV 12/15/17 SINT MAARTEN ISTORE NV 12/07/17 SINT MAARTEN PHARMAGOED (ST.MAARTEN) NV 11/28/17 SINT MAARTEN GLOBAL ENGINEERING&MARINE NV 11/30/17 SINT MAARTEN

INCORPORATION OF COMPANIES WITH PRIVATE LIABILITY (in Dutch: "BESLOTEN VENNOOTSCHAP") JOSBIN TRADING SINT MAARTEN BV 10/4/17 SINT MAARTEN VIBES CONSTRUCTION BV 10/24/17 SINT MAARTEN PRINT SOLUTIONS BV 10/6/17 SINT MAARTEN WAXXALA IMPORT & EXPORT BV 10/6/17 SINT MAARTEN BUILDING ORGANIZATIONAL STRUCT.SCIENCE BV 10/10/17 SINT MAARTEN

SHAZMINE ENTERPRISES BV 10/11/17 SINT MAARTEN VAL PUL BV 10/16/17 SINT MAARTEN MANSHA PROPERTY MANAGEMENT BV 10/18/17 SINT MAARTEN

LYSOUBHA CONSTRUCTION BV 10/19/17 SINT MAARTEN BAS PROPERTY MANAGEMENT BV 10/19/17 SINT MAARTEN PACK ‘N MOVE CARGO SERVICES BV 10/25/17 SINT MAARTEN

SXM CONSTRUCTION & MARINE BV 10/26/17 SINT MAARTEN SXM MARINE & SALVAGE BV 10/26/17 SINT MAARTEN VENFOOT CONSTRUCTION COMP BV 11/01/17 SINT MAARTEN AQUARIUS SPA BV 11/03/17 SINT MAARTEN CONCORCIOS DE BANCAS THOMAS BV 11/03/17 SINT MAARTEN NANI & SONS BV 11/07/17 SINT MAARTEN GREEN HAMMER CONSTRUCTION BV 11/08/17 SINT MAARTEN


P a g i n a | 4 THE HONEY DOER BV 11/08/17 SINT MAARTEN LM AUTOMOTIVE BV 11/08/17 SINT MAARTEN ALDYWAN BV 11/07/17 SINT MAARTEN LOTUS NIGHT-CLUB BV 11/08/17 SINT MAARTEN

UNIVERSAL TRAVEL SERVICES BV 11/17/17 SINT MAARTEN DELISLE WALWYN ST.MAARTEN BV 11/09/17 SINT MAARTEN LB DESIGNS & CONSTRUCTION BV 11/16/17 SINT MAARTEN SOUTH BEACH SINT MAARTEN BV 11/20/17 SINT MAARTEN PRO SOURCES BV 11/20/17 SINT MAARTEN CHARLES EXECUTIVE OFFICE BV 11/22/17 SINT MAARTEN

ECO TECH SOLUTIONS BV 11/22/17 SINT MAARTEN JADEN&JADHIAH CUISINE SXM:BON APPETIT CAFÉ BV 11/23/17 SINT MAARTEN WILL FIX IT BV 11/24/17 SINT MAARTEN

JHCB REAL CONSTRUCTION BV 11/27/17 SINT MAARTEN EENEL BV 11/29/17 SINT MAARTEN R&M MOTOR SPORTS BV 11/30/17 SINT MAARTEN

SMART ELECTRONICS BV 11/30/17 SINT MAARTEN SSI HEAVY EQUIPMENT SERVICES BV 12/06/17 SINT MAARTEN RAGE ENTERTAINMENT BV 12/06/17 SINT MAARTEN GO LOCAL BUY LOCAL 12/11/17 SINT MAARTEN KENEPA GREEN BV 12/11/17 SINT MAARTEN OGUIKE CRAFT WARE BV 12/14/17 SINT MAARTEN CONFIDENCE TRANSPORTATION BV 12/14/17 SINT MAARTEN

PAULDEN CONSTRUCTION BV 12/15/17 SINT MAARTEN DEOR 2K COSMETICS BV 12/15/17 SINT MAARTEN PAUL AUTO SERVICE BV 12/15/17 SINT MAARTEN ST. BARTH COMMUTER BRANCH BV 12/15/17 SINT MAARTEN ALINA RESTAURANT BV 12/15/17 SINT MAARTEN

CARLO LA REFERENCE BV 12/15/17 SINT MAARTEN SXM INITIATIVES BV 12/18/17 SINT MAARTEN

DESIGN WORKS CONSTRUCTION COMPANY BV 12/21/17 SINT MAARTEN INCORPORATION OF FOUNDATIONS (in Dutch: "STICHTINGEN") ENGAGE FOUNDATION 10/31/17 SINT MAARTEN

LYSOUBHA FOUNDATION 10/24/17 SINT MAARTEN SXM STRONG FOUNDATION 10/26/17 SINT MAARTEN THE POWER TO SERVE-TOASTMASTERS FND 11/28/17 SINT MAARTEN INNOVATED INNOVATIONS FND 12/08/17 SINT MAARTEN HUMAN RESOURCES FND 12/11/17 SINT MAARTEN

INCORPORATION OF PRIVATE FOUNDATIONS (in Dutch: "STICHTING PARTICULIERE FONDS")

JOSMAR PFF 10/4/17 SINT MAARTEN RBM PFF 10/20/17 SINT MAARTEN SOUTHERN TURQUOISE ISLE PFF 11/15/17 SINT MAARTEN SEA EGGS PFF 12/15/17 SINT MAARTEN

STATUTE CHANGE OF ENTITES (in Dutch: "STATUTENWIJZIGING") INCORPORATION OF ASSOCIATION (in Dutch: "Vereniging")


P a g i n a | 5

ANNOUNCEMENT IN CONFORMITY WITH ARTICLE 2:5 CIVIL CODE OF SINT MAARTEN (FORMERLY KNOWN AS CIVIL CODE OF NETHERLANDS ANTILLES)

BY CIVIL LAW NOTARY M.F. MINGO

FOR THE MONTHS OF JANUARY, FEBRUARY, MARCH 2018 INCORPORATION OF COMPANIES WITH LIMITED LIABILITY (in Dutch: "NAAMLOZE VENNOOTSCHAP")

SAMLINKS NV 01/17/18 SINT MAARTEN EXECUJET HOLDING CARIBBEAN 01/22/18 SINT MAARTEN TRISHUL ENTERPRISES NV 01/22/18 SINT MAARTEN BELGIAN CHOCOLATE SHOP NV 01/24/18 SINT MAARTEN CK’S CAR RENTAL NV 01/26/18 SINT MAARTEN SEMPLE CONCRETE EQUIPMENT NV 02/06/18 SINT MAARTEN

CRUISE YACHT MANAGEMENT NV 02/06/18 SINT MAARTEN

NC VARIETY NV 02/26/18 SINT MAARTEN SUPREME LAUNDRY SERVICE NV 03/12/18 SINT MAARTEN VOYAGE ADVENTURES NV 03/12/18 SINT MAARTEN ANGEL IMMO RENTAL NV 03/12/18 SINT MAARTEN PUNTO CALIENTE NV 03/22/18 SINT MAARTEN PUNTO AUTOMOTIVE SERVICES NV 03/22/18 SINT MAARTEN

INCORPORATION OF COMPANIES WITH PRIVATE LIABILITY (in Dutch: "BESLOTEN VENNOOTSCHAP") INCORPORATION OF FOUNDATIONS (in Dutch: "STICHTINGEN") STEEL CRUSHERS BV 01/09/18 SINT MAARTEN AKTUNA BV 01/10/18 SINT MAARTEN

DE CASTRO AIRCONDITIONING SERVICE &REPAIR BV 01/11/18 SINT MAARTEN TOP MANAGEMENT BV 01/15/18 SINT MAARTEN JOE CONSTRUCTION ENTERPRISE BV 01/16/17 SINT MAARTEN

RSLV CONSULTANCY BV 01/16/18 SINT MAARTEN UNT WHOLESALE BV 01/16/18 SINT MAARTEN ARRCO BV 01/17/18 SINT MAARTEN

INTERNATIONAL WINDOWS&DOORS BV 01/17/18 SINT MAARTEN QUALITY IMPORT&EXPORT BV 01/18/18 SINT MAARTEN FAMILY BAR&RESTAURANT BV 01/18/18 SINT MAARTEN VAL-D-SONS BV 01/22/18 SINT MAARTEN CHARLIES CREATIVE CONSTRUCTION BV 01/22/18 SINT MAARTEN NISHA INTERNATIONAL ADVISORY SERVICES BV 01/22/18 SINT MAARTEN JUFRAN CONSTRUCTION BV 01/22/18 SINT MAARTEN

JIANLI BV 01/23/18 SINT MAARTEN HITESS SINT MAARTEN BV 01/24/18 SINT MAARTEN HENOL TRADING BV 01/31/18 SINT MAARTEN STRAK GROUP BV 01/31/18 SINT MAARTEN PROFESSIONAL CAREEER DEVELOPMENT AGENCY BV 01/31/18 SINT MAARTEN

EAGLE MIND BV 02/01/18 SINT MAARTEN EASY PARADISE TECHNOLOGIES BV 02/01/18 SINT MAARTEN

PANRU BAR & RESTAURANT BV 02/02/18 SINT MAARTEN DIGITAL GUMBS BV 02/05/18 SINT MAARTEN GENERAL WHOLESALE BV 02/05/18 SINT MAARTEN GOLDEN PHOENIX BV 02/07/18 SINT MAARTEN CRUCIAL CONSTRUCTION & CONSULTANCY BV 02/07/18 SINT MAARTEN PREFERRED HANDS-,HEALTH AND HOME CARE BV 02/07/18 SINT MAARTEN TOP FINISH BV 02/13/18 SINT MAARTEN

MY HOME DESIGN BV 02/13/18 SINT MAARTEN THE SERVICES BV 02/14/18 SINT MAARTEN


P a g i n a | 6 CARIBBEAN DESIGN BUILD&DECORATION BV 02/14/18 SINT MAARTEN FABI;S CLEANING SERVICES BV 02/14/18 SINT MAARTEN K&S DELISH BV 02/15/18 SINT MAARTEN THE FUTURE OF CONSTRUCTION BV 02/19/18 SINT MAARTEN CAROL&KAY SAFE CLEANING BV 02/20/18 SINT MAARTEN

BELLA NAILS BV 02/21/18 SINT MAARTEN LEEWARD ADVISORY BV 02/23/18 SINT MAARTEN MAXINE’S CARIBBEAN GRILL&BAR BV 02/26/18 SINT MAARTEN THE LONG HAUL GRILL BV 03/02/18 SINT MAARTEN NEW AGE DESIGNERS CHOICE SUPPLIES BV 02/26/18 SINT MAARTEN SOUALIGA LAUNDROMAT BV 02/26/18 SINT MAARTEN

CARIBBEAN TECHNICAL ADVISORY&CONTRACTOR BV 02/27/18 SINT MAARTEN GARRY;S CAFÉ BV 02/28/18 SINT MAARTEN ROYAL LINGERIE BV 02/28/18 SINT MAARTEN LOCAL K9 CARE BV 02/28/18 SINT MAARTEN

SXM ISLAND TIME BV 02/28/18 SINT MAARTEN BED&PILLOWS BV 02/28/18 SINT MAARTEN DISCOUNT HOME CENTER&MORE BV 03/06/18 SINT MAARTEN

TOP OF THE LINE BV 03/06/18 SINT MAARTEN LA LINDITA BV 03/08/18 SINT MAARTEN ALUMINUM SYSTEMS BV 03/08/18 SINT MAARTEN SANTAANNA REAL ESTATES COMPANY BV 03/12/18 SINT MAARTEN KEITH JOSEPH CONSTRUCTION BV 03/15/18 SINT MAARTEN POWER CONSTRUCTION BV 03/15/18 SINT MAARTEN A.S CONSTRUCTION BV 03/16/18 SINT MAARTEN

PRISTINE PROPERTIES BV 03/16/18 SINT MAARTEN RELIABLE MAINTENANCE SERVICES BV 03/19/18 SINT MAARTEN CLAYTONJ & CODLING ENTERPRISES BV 03/20/18 SINT MAARTEN ETHAN CONSTRUCTION COM BV 03/20/18 SINT MAARTEN TOTAL ENTERPRISES BV 03/22/18 SINT MAARTEN

CARIBBEAN HOVERCRAFT FUN RIDES BV 03/22/18 SINT MAARTEN CMS INTERNATIONAL GROUP CORP BV 03/22/18 SINT MAARTEN

JOHNSON CONSTRUCTION BV 03/22/18 SINT MAARTEN EMPLOYMENT PROFESSIONALS BV 03/22/18 SINT MAARTEN ELJA BV 03/22/18 SINT MAARTEN LAKE & GILL BEAUTY LOUNGE BV 03/22/18 SINT MAARTEN KYBER PRODUCTIONS BV 03/23/18 SINT MAARTEN TIDAL WAVE CONSTRUCTION BV 03/23/18 SINT MAARTEN

STANFORD TRUCKING BV 03/26/18 SINT MAARTEN H&M ARCHITECTURAL CONSULTANCY SERVICES BV 03/26/18 SINT MAARTEN AUTOGLASS & CV JOINTS BV 03/27/18 SINT MAARTEN TECHNICAL INSTALLATIONS&CONTRACTING BV 03/27/18 SINT MAARTEN ETERNAL LIFE BV 03/28/18 SINT MAARTEN

INCORPORATION OF FOUNDATIONS (in Dutch: “STICHTING”)

SAINT STICHTING ADMINISTRATIE KANTOOR 01/22/18 SINT MAARTEN HOLINESS CHURCH OF GOD OF PROPHECY FOUNDATION 01/23/18 SINT MAARTEN MAKING TOURISM WORK FOUNDATION 01/24/18 SINT MAARTEN CARIBBEAN EDUCATION & CULTURE FOUNDATION 01/26/18 SINT MAARTEN DOMINICA FOUNDATION 01/26/18 SINT MAARTEN TEAM MERCELINA FOUNDATION 01/26/18 SINT MAARTEN

CROSS CREW CLIQUE RACING FOUNDATION 02/20/18 SINT MAARTEN 721 DREAM FOUNDATION 02/21/18 SINT MAARTEN


P a g i n a | 7 INCORPORATION OF PRIVATE FOUNDATIONS (in Dutch: "STICHTING PARTICULIERE FONDS") PLAN B PFF 01/26/18 SINT MAARTEN CLEAVAGE PFF 03/26/18 SINT MAARTEN

STATUTE CHANGE OF ENTITES (in Dutch: "STATUTENWIJZIGING") INCORPORATION OF ASSOCIATION (in Dutch: "Vereniging") ORACLE OF GOD MINISTRIES FND 01/09/18 SINT MAARTEN CARIBBEAN FINANCIAL BUSINESS&CULTURAL ASSOCIATION 01/22/18 SINT MAARTEN


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MINISTERIËLE BESCHIKKING

VAN DE 4 JUNI 2018

MINISTER VAN FINANCIËN

NR.:2018/827

In overweging genomen hebbende:

- dat het wenselijk is munten in omloop te brengen;

Gelet op:

- artikel 20, tweede lid, van de Regeling Gemeenschappelijk Geldstelsel Curaçao en Sint

Maarten;

- artikel 5, eerste lid, van de Regeling muntstelsel Nederlandse Antillen 1989;

HEEFT BESLOTEN:

Artikel 1

De volgende munten gedateerd 2016 worden in omloop gebracht:

a. 1.126.800 stuks daalders;

b. 4.600.800 stuks guldens;

c. 6.850.250 stuks kwartjes;

d. 7.799.500 stuks dubbeltjes;

e. 7.550.000 stuks stuivers;

f. 15.699.000 stuks centen;

Artikel 2

Deze beschikking treedt in werking met ingang van de dag van bekendmaking in de Landscourant en

werkt terug tot en met 1 december 2016.

Philipsburg,

Minister van Financiën

d.d. 4 Juni 2018


P a g i n a | 9

Government of Sint Maarten

National Recovery Program Bureau

TERMS OF REFERENCE FOR

SENIOR PROGRAM MANAGER (ADMINISTRATIVE)

Background

Following the devastation caused by hurricanes Irma and Maria, the Government of Sint Maarten

embarked on a large-scale recovery and reconstruction program, based on the principle of building back

a more resilient Sint Maarten.

Since January 2018, the World Bank is assisting the Government of Sint Maarten in the establishment of this program. A significant component of this program will be financed through a Trust Fund financed by the Netherlands, managed by the World Bank and implemented by Sint Maarten. The Government of Sint Maarten and the World Bank are currently working on a consolidated National

Recovery and Resilience Plan (NRRP) that prioritizes short-, medium- and long-term needs for the recovery, reconstruction and resilience of Sint Maarten. This Plan will include estimates of the financial requirements, costs and investments that are necessary to build Sint Maarten back better.

Project Institutional Arrangements

In parallel to the establishment of the Trust Fund and the execution of the NRRP, the Government of

Sint Maarten is expected to develop an institutional structure for the implementation of Trust Fund projects. The approach consists of 2 phases:

- Phase 1: An Interim Structure, the Interim Recovery Committee, made up of a task group of civil servants which coordinates the early priority projects; assist the ministries with the implementation of projects, in particular with regards to the Fiduciary and Safeguards requirements; and prepare phase 2.

- Phase 2: A National Recovery Program Bureau (NRPB) will be established. In close coordination

with the Ministries, the NRPB will be responsible for the preparation, coordination, execution and evaluation of the projects that will be financed through the World Bank Trust Fund.

The NPRB will play a central technical role in project management, while working closely with ministries and third party partners for the design of the projects. Project management tasks include the preparation and execution of e.g. bidding documents, evaluating proposals, environmental and social safeguards studies, monitoring and evaluation (M&E), communications and community engagement support for the

project. Technical inputs in the bidding documents (Technical Specifications, Terms of Reference etc.) will be provided by the Ministries or third parties. The NPRB will include the following functions: (i) contract management in coordination with Ministries or third parties; (ii) environmental and social

safeguards support; (iii) M&E coordination; (iv) financial management of the proceeds from the Trust Fund (v) community engagement and communications support, and (vi) all aspects of knowledge and learning management (KLM). Staff for the different functions of the NPRB will be competitively selected based on merit, relevant experience and qualifications.


P a g i n a | 10 Role of the Senior Program Manager (Administrative) The assignment aims at overseeing and supervising the day to day operational activities of the program. Specifically, the Senior Program Manager will oversee the administrative tasks pertaining financial management, procurement, social and environmental safeguards and coordinates the activities with the

other Senior Program Manager (Technical), who oversees the execution of the projects. The NRPB Program Manager will report directly to the NRPB Director. The Senior Program Manager (Administrative) will be a full-time professional responsible for the day-to-day management and coordination of the NRPB administrative operations and will support the NRPB Director’s coordination activities with the focal points of ministries and other implementing partners

involved in the Recovery Program. Key Duties and Responsibilities

The NRPB Program Manager's responsibilities will include:

1. Management and coordination of day-to-day administration and project preparation activities

being undertaken by the NRPB; 2. In coordination with the NRPB Director and Management Team, establish Program/projects

monthly work plans, including human resources allocations within the NRPB. 3. Coordinate closely with the Monitoring and Evaluation (M&E) Specialist to track progress in

achieving objectives of the NRPB, and prepare regular reports documenting implementation status of the Program, and progress towards achieving outputs and outcomes;

4. Prepare and provide progress reports and actionable information on the preparation,

procurement and finance of projects to the Director to support the Director’s reporting commitments to the Prime Minister, as needed;

5. Update and maintain the Operational Manual (OM), and support the Director in ensuring that projects are executed in accordance with the OM and in adherence to all agreed upon fiduciary and safeguard guidelines;

6. Support the Director in the recruitment of NRPB staff and external consultants as needed; 7. Support the Director in the facilitation of meetings of the Program Steering Committee (PSC) of

the Trust Fund; 8. Ensure that the Director is kept abreast of any emerging issues regarding day-to-day finance,

administrative and audit functions; 9. Ensure workshops, meetings and capacity building activities are undertaken as scheduled; 10. Carry out other relevant activities needed for the proper and timely implementation of the

Program/Projects.

Duration of the Assignment and Performance

The start date of the contract will be August, 2018, or soon thereafter. The contract duration will be 1 year inclusive of a 2-month probation period, renewable on annual basis until the closing date of the project. The selected candidate is expected to work full time within Philipsburg, Sint Maarten except where situations demand travel outside the project area.

The success of the NPRB Program Manager will be judged by the delivery of the Required Outputs and abiding by the agreed implementation timetable for the project components and sub projects. At the end of the probation period, the Program Manager will be evaluated by the NPRB Director, on his/her performance and will be given grading and guidance to improve. The selected candidate will be subject to a screening process, before finalization of the contract.


P a g i n a | 11 Qualification requirements Academic qualifications The candidate should have a professional degree (preferably a Masters) in business, accounting or relevant discipline preferred OR combination of relevant program/project management experience.

Strong preference will be for candidates with good training and experience in managing large scale civil engineering or infrastructure projects. Experience

Extensive (8+ years preferred) of managerial working experience preferably in infrastructure or

disaster recovery related investment projects. Experience in managing large donor-funded projects Experience with project planning, procurement processes and/or financial management -

experience in the context of World Bank financed projects is an advantage;

Experience in public office in Sint Maarten is an advantage; Experience in leading and coordinating a team of 10 people or more is an advantage.

General Competencies Strong time management and organizational skills with attention to detail; Ability to manage priorities and workflow with strong multi-tasking and problem-solving skills Strong analytical skills; ability to analyze and enhance best practices, processes and procedures

to improve efficiency and effectiveness of program-wide operations; The candidate must be computer literate, with high proficiency in Computer software operations

(Microsoft Word, Excel, Power-Point and data-base management etc.) Experience with using

project management software, such as MS Project, is a plus. Strong communications skills with an advanced proficiency to speak and write in English is

required, as well as the ability to translate academically-oriented ideas into clear, concise information targeting non-academic audiences.

Proficiency in Dutch is considered an advantage.

How to Apply? Interested candidates will send their CV in hard-copy, in a sealed envelope. The closing date for

receipt is 13 June 2018, 12.00 PM (AST) to: Interim Recovery Committee Attn: Thijn Laurensse / Olivia Lake Soualuiga Road #1 Pond Island, Great Bay

Sint Maarten On the envelope, clearly state the function you are applying for. The CV should clearly show the relevant experience and competences outlined in the terms of reference above.


P a g i n a | 12

Government of Sint Maarten National Recovery Program Bureau

TERMS OF REFERENCE FOR

SENIOR PROGRAM MANAGER (TECHNICAL)

Background




Since January 2018, the World Bank is assisting the Government of Sint Maarten in the establishment of this program. A significant component of this program will be financed through a Trust Fund financed by the Netherlands, managed by the World Bank and implemented by Sint Maarten. The Government of Sint Maarten and the World Bank are currently working on a consolidated National Recovery and Resilience Plan (NRRP) that prioritizes short-, medium- and long-term needs for the recovery, reconstruction and resilience of Sint Maarten. This Plan will include estimates of the financial

requirements, costs and investments that are necessary to build Sint Maarten back better.



Sint Maarten is expected to develop an institutional structure for the implementation of Trust Fund

projects. The approach consists of 2 phases:

- Phase 1: An Interim Structure, the Interim Recovery Committee, made up of a task group of

civil servants which coordinates the early priority projects; assist the ministries with the implementation of projects, in particular with regards to the Fiduciary and Safeguards requirements; and prepare phase 2.

- Phase 2: A National Recovery Program Bureau (NRPB) will be established. In close coordination with the Ministries, the NRPB will be responsible for the preparation, coordination, execution and evaluation of the projects that will be financed through the World Bank Trust Fund.

The NPRB will play a central technical role in project management, while working closely with ministries and third party partners for the design of the projects. Project management tasks include the preparation and execution of e.g. bidding documents, evaluating proposals, environmental and social safeguards

studies, monitoring and evaluation (M&E), communications and community engagement support for the

project. Technical inputs in the bidding documents (Technical Specifications, Terms of Reference etc.) will be provided by the Ministries or third parties. The NPRB will include the following functions: (i) contract management in coordination with Ministries or third parties; (ii) environmental and social safeguards support; (iii) M&E coordination; (iv) financial management of the proceeds from the Trust Fund (v) community engagement and communications support, and (vi) all aspects of knowledge and

learning management (KLM). Staff for the different functions of the NPRB will be competitively selected based on merit, relevant experience and qualifications.


P a g i n a | 13 Role of the Senior Program Manager (Technical) The assignment aims at overseeing and supervising the day to day technical activities of the program. Specifically, the Senior Program Manager (Technical) will oversee the project managers and coordinates the activities with the other Senior Program Manager (Administrative), who oversees the administrative

part of the program. The NRPB Program Manager will report directly to the NRPB Director. The NRPB Senior Program Manager (Technical) will be a full-time professional responsible for the day-to-day management and coordination of the NRPB technical operations and will support the NRPB Director’s coordination activities with the focal points of ministries and other implementing partners involved in the Recovery Program.

Key Duties and Responsibilities The NRPB Program Manager's responsibilities will include:

11. Management and coordination of day-to-day projects execution and monitoring activities being

undertaken by the NRPB;

12. Supervise and monitor all the project activities from a technical perspective which should be accomplished according to the time line;

13. In coordination with the NRPB Director and Management Team, establish Program/projects monthly work plans, including human resources allocations within the NRPB.

14. Coordinate closely with the Monitoring and Evaluation (M&E) Specialist to track progress in achieving objectives of the NRPB, and prepare regular reports documenting implementation status of the Program, and progress towards achieving outputs and outcomes;

15. Prepare and provide progress reports and actionable information on the execution of projects to the Director to support the Director’s reporting commitments with the Prime Minister, as needed;

16. Update and maintain the Operational Manual (OM), and support the Director in ensuring that projects are executed in accordance with the OM and in adherence to all agreed upon fiduciary and safeguard guidelines;

17. Support the Director in the recruitment of NRPB staff and external consultants as needed; 18. Support the Director in the facilitation of meetings of the Program Steering Committee (PSC) of

the Trust Fund; 19. Ensures that all required information for reporting and tracking of program/project activities is

delivered to the Director in a timely manner; 20. Ensure workshops, meetings and capacity building activities are undertaken as scheduled and

in line with Project Priorities; 21. Carry out other relevant activities needed for the proper and timely implementation of the

Program/Projects. Duration of the Assignment and Performance

The start date of the contract will be August, 2018, or soon thereafter. The contract duration will be 1 year inclusive of a 3-month probation period, renewable on annual basis until the closing date of the project. The selected candidate is expected to work full time within Philipsburg, Sint Maarten except

where situations demand travel outside the project area.

The success of the NPRB Program Manager will be judged by the delivery of the Required Outputs and abiding by the agreed implementation timetable for the project components and sub projects. At the end of the probation period, the Program Manager will be evaluated by the NPRB Director, on his/her performance and will be given grading and guidance to improve.

The selected candidate will be subject to a screening process, before finalization of the contract.


P a g i n a | 14 Qualification requirements Academic qualifications The candidate should have a professional degree (preferably a Masters) in a relevant technical discipline in order to be able to guide the project management team.

Strong preference will be for candidates with good technical training and experience in managing large scale civil engineering or infrastructure projects. Experience

Extensive (8+ years preferred) managerial working experience preferably in infrastructure or

disaster recovery related investment projects; Experience in managing large donor-funded projects; Experience with project planning - experience in the context of World Bank financed projects is

an advantage;

Experience in public office in Sint Maarten is an advantage; Experience in leading and coordinating a team of 15 people or more is an advantage.

General Competencies Strong time management and organizational skills with attention to detail; Ability to manage priorities and workflow with strong multi-tasking and problem-solving skills; Strong analytical skills; ability to analyze and enhance best practices, processes and procedures

to improve efficiency and effectiveness of program-wide operations; The candidate must be computer literate, with high proficiency in Computer software operations

(Microsoft Word, Excel, Power-Point and data-base management etc.) Experience with using

project management software, such as MS Project, is a plus. Strong communications skills with an advanced proficiency to speak and write in English is

required, as well as the ability to translate academically-oriented ideas into clear, concise information targeting non-academic audiences;


How to Apply? Interested candidates will send their CV in hard-copy, in a sealed envelope. The CV has to be

received before 13 June 2018, 16.30 PM (AST) to: Interim Recovery Committee Attn: Thijn Laurensse / Olivia Lake Soualuiga Road #1 Pond Island, Great Bay

Sint Maarten On the envelope, clearly state the function you are applying for. The CV should clearly show the relevant experience and competences outlined in the terms of reference above.


P a g i n a | 15



TERMS OF REFERENCE

FOR

Project Manager (Infrastructure and Disaster Risk Management)

Background




Since January 2018, the World Bank is assisting the Government of Sint Maarten in the establishment

of this program. A significant component of this program will be financed through a Trust Fund financed

by the Netherlands, managed by the World Bank and implemented by Sint Maarten.

The Government of Sint Maarten and the World Bank are currently working on a consolidated National

Recovery and Resilience Plan (NRRP) that prioritizes short-, medium- and long-term needs for the

recovery, reconstruction and resilience of Sint Maarten. This Plan will include estimates of the financial







civil servants which coordinates the early priority projects; assist the ministries with the

implementation of projects, in particular with regards to the Fiduciary and Safeguards

requirements; and prepare phase 2.


with the Ministries, the NRPB will be responsible for the preparation, coordination, execution

and evaluation of the projects that will be financed through the World Bank Trust Fund.

The NPRB will play a central technical role in project management, while working closely with ministries

and third party partners for the design of the projects. Project management tasks include the preparation

and execution of e.g. bidding documents, evaluating proposals, environmental and social safeguards


project. Technical inputs in the bidding documents (Technical Specifications, Terms of Reference etc.)

will be provided by the Ministries or third parties. The NPRB will include the following functions: (i)

contract management in coordination with Ministries or third parties; (ii) environmental and social

safeguards support; (iii) M&E coordination; (iv) financial management of the proceeds from the Trust

Fund (v) community engagement and communications support, and (vi) all aspects of knowledge and

learning management (KLM). Staff for the different functions of the NPRB will be competitively selected

based on merit, relevant experience and qualifications.


P a g i n a | 16 Role of the Project Manager Infrastructure and Disaster Risk Management (DRM)

The DRM Project Manager serves as the technical responsible officer for the entire project cycle (works,

technical assistance, etc.). In this role, the project manager shall organize and supervise all activities

related to the identification, formulation, approval, implementation and completion of specific projects

assigned under the DRM Project managed by the NRPB. . The project manager shall also regularly

report on the progress of project implementation to its Senior Program Manager.

Key Duties and Responsibilities

The Project Manager will be a full-time professional responsible for project preparation, execution and

supervision and will support the Senior Program Managers with coordination activities with the focal

points of ministries and other implementing partners involved in the DRM Project.

The NRPB Project Manager responsibilities will include:

22. Work with operational units of the line ministries/agencies to develop project concept notes, to

discuss and agree with the World Bank on the scope, objectives and design of projects

23. Prepare execution plans/operational manuals and budgets, prepare required documentation and

scheduling and coordinate with procurement, financial management, safeguards and M&E to

ensure timely project execution

24. Review and assess assigned project implementation activities being undertaken by the NRPB

and identify all technical elements and documentation required to implement assigned project

activities;

25. In coordination with the NRPB procurement and FM officers, as well as line ministries/external

agencies, manage and supervise the preparation of all required technical project documents

including Terms of Reference (TORs) for consultants and consulting firms, specifications and

designs for works and detailed requirements for activities involving non-consulting services to

be included in standard bidding documents.

26. Participate as a member of the bid evaluation team during the contracting process.

27. At the direction of the Senior Program Manager, represent the NRPB as the contracting officer’s

technical representative (COTR) during project execution and serve as the principal contact with

consultants and contractors during project execution.

28. Regularly supervise and report on project execution progress and budget performance.

29. Regularly liaise with the Senior Program Manager and M&E Specialist to ensure achievement of

the program objectives.

30. Participate and/or lead technical meetings with agency counterparts and program participants

as directed by the Senior Program Manager.

31. Assist the Senior Program Manager with the identification and development of technical

resources required for effective project implementation.

32. Assist with the preparation of progress reports and actionable information as required by the

Senior Program Manager to support the Director’s reporting commitments to the Prime Minister,

the Council of Ministers, the Trust Fund Steering Committee and the World Bank, as needed;

33. Provide necessary contributions to program reporting documents and press releases.


P a g i n a | 17 Duration of the Assignment and Performance

The start date of the contract will be August, 2018, or soon thereafter. The contract duration will be 1

year inclusive of a 2-month probation period, renewable on annual basis until the closing date of the

project. The selected candidate is expected to work full time within Philipsburg, Sint Maarten except


The success of the DRM Project Manager will be judged by the delivery of the Required Outputs of the

DRM Project and abiding by the agreed implementation timetable for the project components and sub

projects (as specified in the Grant Agreement and underlying documents). At the end of the probation

period, the Project Manager will be evaluated by the Senior Program Manager and the Director, on

his/her performance and will be given grading and guidance to improve.


Qualification requirements

Academic qualifications

The candidate should have a professional degree (preferably a Masters) in engineering/construction or

relevant technical discipline preferred OR combination of relevant program/project management

experience.

Strong preference will be for candidates with good technical training and experience in managing large

scale civil engineering or infrastructure projects.

Experience

At least 5 years of project management, planning and analysis experience preferably in large

infrastructure related investment projects.

At least 5 years experience in managing projects and budgets involving external consultants

and contractors.

Relevant experience in preparation of technical documentation, TORs and technical bidding

specifications.

Experience in executing multidisciplinary, donor-funded projects is an advantage

Experience with the preparation of briefings and reports for presentation to high level/elected

government officials is an advantage;

Experience in program design and execution in an international environment is an advantage;

General Competencies

Strong time management and organizational skills with attention to detail;

Ability to manage priorities and workflow with strong multi-tasking and problem-solving skills

Strong analytical skills; ability to analyze and enhance best practices, processes and procedures

to improve efficiency and effectiveness of program-wide operations;

Ability to work with, lead and coordinate other professionals in the project team;

Familiarity with World Bank procedures would be an advantage;

The candidate must be computer literate, with high proficiency in Computer software operations

(Microsoft Word, Excel, Power-Point and data-base management etc.). Experience with using

project management software, such as MS Project or AutoCAD is required.

Strong communications skills with an advanced proficiency to speak and write in English is

required.


P a g i n a | 18


How to Apply?

Interested candidates will send their CV in hard-copy, in a sealed envelope before 22 June 2018,

16.30 PM (AST) to:

Interim Recovery Committee

Attn: Thijn Laurensse / Olivia Lake

Soualuiga Road #1

Pond Island, Great Bay

Sint Maarten

On the envelope, clearly state the function you are applying for. Please do not state your name on the

envelope.

The applications should either be hand delivered or sent through a recognized courier service in order

to ensure timely delivery of the requested documents.

The CV should clearly show the relevant experience and competences outlined in the terms of reference

above.


P a g i n a | 19



TERMS OF REFERENCE

FOR

MONITORING AND EVALUATION (M&E) SPECIALIST

Background




Since January 2018, the World Bank is assisting the Government of Sint Maarten in the establishment

of this program. A significant component of this program will be financed through a Trust Fund financed

by the Netherlands, managed by the World Bank and implemented by Sint Maarten.

The Government of Sint Maarten and the World Bank are currently working on a consolidated National

Recovery and Resilience Plan (NRRP) that prioritizes short-, medium- and long-term needs for the

recovery, reconstruction and resilience of Sint Maarten. This Plan will include estimates of the financial







civil servants which coordinates the early priority projects; assist the ministries with the

implementation of projects, in particular with regards to the Fiduciary and Safeguards

requirements; and prepare phase 2.


with the Ministries, the NRPB will be responsible for the preparation, coordination, execution

and evaluation of the projects that will be financed through the World Bank Trust Fund.

The NPRB will play a central technical role in project management, while working closely with ministries

and third party partners for the design of the projects. Project management tasks include the preparation

and execution of e.g. bidding documents, evaluating proposals, environmental and social safeguards


project. Technical inputs in the bidding documents (Technical Specifications, Terms of Reference etc.)

will be provided by the Ministries or third parties. The NPRB will include the following functions: (i)

contract management in coordination with Ministries or third parties; (ii) environmental and social

safeguards support; (iii) M&E coordination; (iv) financial management of the proceeds from the Trust

Fund (v) community engagement and communications support, and (vi) all aspects of knowledge and

learning management (KLM). Staff for the different functions of the NPRB will be competitively selected

based on merit, relevant experience and qualifications.


P a g i n a | 20 Objective of the assignment

The assignment aims at establishing a strong monitoring and evaluation (M&E) program within the NRPB

to ensure proper tracking of Program/Projects activities, indicators, outputs and outcomes, carried out

under the responsibility of the NRPB.

Key Duties and Responsibilities

The NRPB Monitoring and Evaluation (M&E) Specialist will be a full-time professional responsible for the

monitoring and evaluation of the NRPB’s operations. The M&E Specialist will develop and strengthen the

monitoring, inspection and evaluation framework and procedures within the NRPB and will furthermore

support the NRPB Senior Program Managers’ and Director’s reporting commitments with Government

and other relevant Program stakeholders.

The NRPB Evaluation and Monitoring (M&E) Specialist’s responsibilities will include:

34. Develop an Information System to monitor and evaluate overall progress on achievement of

results of the projects financed through the World Bank Trust Fund;

35. Develop and implement a monitoring strategy for each project that is coordinated by the NRPB;

36. Develop and implement an evaluation strategy for each project;

37. Analyse and synthesize data for the purposes of quality control and adherence to standards,

gap identification, and program development,

38. Monitor all project activities, disbursement and progress towards achieving the project outputs;

39. Recommend further improvement of the Program/Projects Results Frameworks;

40. Support the development of monitoring and impact indicators for each project;

41. Monitor the sustainability and feasibility of the Program/projects' objectives and expected

outcomes

42. Suggest strategies to the NRPB for improving the efficiency and effectiveness of Program and

projects by identifying challenges and constraints in completing planned activities and

developing plans to minimize or eliminate such constraints;

43. Prepare, in close coordination with the Program Managers, and according to the agreed upon

schedule (e.g. monthly, quarterly, half-yearly and/or annual), progress reports on all relevant

project activities, as well as support other Program/Project reporting needs as appropriate to

ensure that the NRPB Director has, at all times, access to accurate, timely and actionable

Program/Project information.

44. Participate in scheduled project reviews and planning workshops

45. Assist in coordinating across the entire portfolio of projects to ensure effective implementation

of M&E;

46. Provide the project personnel and relevant Government staff with M&E tools and supporting

them in their use;

47. Assist Project Managers in documenting and preparing reports based on the findings and lessons

learned from project implementation;

48. Provide input and update information related to project outcomes on the NRPB website;

49. Prepare and maintain the Issues Log and Risk Log for each project;

50. Ensure the proper and secured operation, as well as the currency and integrity of all the data

and information maintained within the M&E Information System

51. Organize/coordinate and facilitate any external monitoring or evaluations that is required for

the projects;

52. Carry out other relevant M&E activities needed for the proper and timely tracking of

implementation Program/Project activities.


P a g i n a | 21 Duration of the Assignment and Performance

The start date of the contract will be August, 2018, or soon thereafter. The contract duration will be 1

year inclusive of a 2-month probation period, renewable on annual basis until the closing date of the

project. The selected candidate is expected to work full time within Philipsburg, Sint Maarten except


The success of the M&E Specialist will be judged by the delivery and timeliness of the Required Outputs.

At the end of the probation period the M&E Specialist’s performance will be evaluated under the

supervision of the Director and will be given grading and guidance to improve.


Qualification requirements

Academic qualifications

The candidate should have a relevant professional degree (preferably a Masters) in Business

Administration, Economics, International Development or related field.

Experience

At least 5 years of experience in the design, customization, and implementation of M&E

strategies in projects implemented by Government and/or Non-Government/private sector

entities.

Experience in designing tools and strategies for data collection, analysis and production of M&E

reports.

Preference would be given to candidates with experience supporting operations funded by

international financing institutions and/or international NGOs;

General Competencies

Proven ICT skills, especially in the use of Monitoring Information Systems/database software

packages;

Expertise in analyzing data using statistical software;

Strong time management and organizational skills with attention to detail;

Ability to manage priorities and workflow with strong multi-tasking and problem-solving skills;

Strong analytical skills; ability to analyze and enhance best practices, processes and procedures

to improve monitoring and evaluation of program-wide operations;

The candidate must be computer literate, with high proficiency in Computer software operations

(Microsoft Word, Excel, Power-Point and data-base management etc.). Experience with using

project management software, such as MS Project, is a plus;

Strong communications skills with an advanced proficiency to speak and write in English is

required

Proficiency in Dutch is considered an advantage

Familiarity with World Bank procedures would be an advantage.

How to Apply?

Interested candidates will send their CV in hard-copy, in a sealed envelope before 22 June 2018,

16.30 PM (AST) to:


P a g i n a | 22

Interim Recovery Committee

Attn: Thijn Laurensse / Olivia Lake

Soualuiga Road #1

Pond Island, Great Bay

Sint Maarten

On the envelope, clearly state the function you are applying for. Please do not state your name on the

envelope.

The applications should either be hand delivered or sent through a recognized courier service in order

to ensure timely delivery of the requested documents.

The CV should clearly show the relevant experience and competences outlined in the terms of reference

above.


P a g i n a | 23

CONVERSION OF 1986 - 1994 ISSUE BANKNOTES

In accordance with paragraph 1 of article 7 of the Central Bank Statute for Curaçao and Sint Maarten (the Bank charter), the Centrale Bank van Curacao en Sint Maarten (CBCS) will withdraw all denominations of the Netherlands-Antillean guilder banknotes issued from 1986 to 1994 from circulation as per July 31, 2018. Consequently, banknotes with the mentioned years of issue will no longer have the legal tender status as of August 1, 2018. The CBCS invites all holders of the banknotes concerned to present these for conversion. The banknotes will be exchanged for current Netherlands-Antillean guilder banknotes - issued after 1994 - which do have the legal tender status. Banknotes issued from 1986 to 1994 can be exchanged at your local commercial bank or at the CBCS. From August 1, 2018, until July 31, 2048, the indicated banknotes can only be exchanged at the CBCS. In accordance with paragraph 3 of article 7 of the Central Bank Statute for Curaçao and Sint Maarten, the right to demand exchange of the banknotes concerned shall expire after July 31, 2048. Willemstad, June 1, 2018 CENTRALE BANK VAN CURACAO EN SINT MAARTEN


P a g i n a | 24

Condensed Balance Sheet

CENTRALE BANK VAN CURAÇAO EN SINT MAARTEN

During the month of April 2018, the Bank maintained the reserve requirement at 18.00%. Nevertheless, the amount of required reserves increased by NAf.17.6 million due to the higher base amount1 upon which it is calculated. Furthermore, on the bi-weekly auctions of certificates of deposit (CDs), the Bank issued a lower amount of CDs causing a NAf.5.1 million decrease in the outstanding amount of CDs. Base money2 remained practically unchanged because the rise in the current account balances of the

commercial banks (NAf.5.0 million) was offset by a decline in the currency in circulation (NAf.4.3 million). The rise in the current account balances was the result of, among other things, the net sale of foreign exchange by the commercial banks to the Bank and the decrease in the amount of outstanding

CDs. In addition, the government of Sint Maarten and N.V. Pensioen ESC transferred funds from their accounts at the Bank towards their accounts at the commercial banks. However, the increase in the required reserves dampened the rise in the current account balances. Furthermore, part of the short-term credit that was extended to the commercial banks by the Bank was repaid. This repayment explains

the decline by NAf.8.0 million in the item “Claims on deposit money banks” on the assets side of the balance sheet.

1 The base amount is equal to the commercial banks’ domestic liabilities -/- long-term deposits. 2 The sum of currency in circulation and the current account balances of the commercial banks at the Bank.

Difference

compared to

Difference

compared to

Assets 30-Apr-18 31-Mar-18 Liabilities 30-Apr-18 31-Mar-18

Claims on nonresidents 3,654.1 12.6 Liabilities to nonresidents 293.6 31.4

Gold 988.2 -8.0 Deposits of nonresidents in foreign currency 293.6 31.4

Official reserves 2,665.9 20.6

Other 0.0 0.0

Domestic assets 667.8 -3.8 Domestic liabilities 3,098.8 -16.0

Currency in circulation 468.9 -4.3

Claims on the government 0.0 0.0 Government deposits 202.7 -29.7

Government paper in portfolio 0.0 0.0 Government of Curacao 113.0 -19.6

Government agencies and institutions 0.0 0.0 Government of Sint Maarten 87.6 -10.2

Other 0.0 0.0 Former Central Government 1.8 0.0

Government agencies and institutions 0.4 0.0

Claims on deposit money banks 185.8 -8.0 Liabilities to deposit money banks 2,317.1 17.5

Current account balances 185.8 -8.0 Current account balances 882.3 5.0

Certificates of Deposit 103.9 -5.1

Required reserves 1,330.9 17.6

Claims on other sectors 482.0 4.2 Liabilities to other sectors 110.2 0.6

Other assets 482.0 4.2 Deposits of other residents 50.6 1.2

Other liabilities 59.6 -0.6

Capital and reserves 929.4 -6.6

Total assets 4,321.8 8.9 Total liabilities 4,321.8 8.9

April 2018(millions of NAf.)


P a g i n a | 25 The item “Liabilities to nonresidents” grew by NAf.31.4 million largely as a result of an increase in the deposits of the Dutch Ministry of the Interior and Kingdom Relations (BZK) at the Bank related to interest payments on debt securities issued by the governments of Curaçao and Sint Maarten that are held by the Dutch State. In addition, transactions carried out by some commercial banks in Bonaire towards their accounts with the Bank contributed to the increase in the item “Liabilities to nonresidents”.

The decline in the item “Government deposits” by NAf.29.7 million can largely be explained by the interest payments by the governments of Curaçao and Sint Maarten combined with the transfer of funds by the government of Sint Maarten from its account at the Bank towards its accounts at the commercial banks. This decline was, however, partly offset by the transfer of license fee over the month of March 2018 by the Bank to the government of Curaçao.

The item “Liabilities to other sectors” remained practically unchanged because the increase in the deposits of the public sector pension fund of Curaçao, APC, was offset by a decrease in the deposits of USONA3 at the Bank. The deposits of APC grew because of the payment of principal and interest by the

Dutch State Treasure Agency (DSTA) on debt taken over by the Dutch government under the debt relief program. Meanwhile, the decline in the deposits of USONA was largely the result of payments to foreign creditors related to the construction of the new hospital in Curaçao.

The increase of NAf.20.6 million in the item “Official reserves” on the assets side of the balance sheet was primarily the result of the net sale of foreign exchange by the commercial banks to the Bank. Furthermore, the transactions carried out by the commercial banks in Bonaire, the transfers by DSTA for the payment of principal and interest on debt securities and the transfer of funds by N.V. Pensioen ESC from abroad contributed to the increase in the official reserves. This increase was, however, mitigated by the payments made by USONA to foreign creditors.

Finally, the item “Gold” on the assets side of the balance sheet dropped by NAf.8.0 million as a result of the lower market value at the balance sheet date compared to the end of March 2018. The decrease in the item “Capital and reserves” on the liabilities side of the balance sheet was related to the drop in the market value of gold.

Willemstad, May 28, 2018 Centrale Bank van Curaçao en Sint Maarten

3 USONA is the foundation in charge with the construction of the new hospital in Curaçao.

LANDSCOURANT - Sint Maarten · 2018-06-08 · LANDSCOURANT VAN SINT MAARTEN Jaargang 2018, nummer...

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