According to the Amigoe newspaper, the board wants to propose its own candidates for these positions. Interesting detail is that the CBCS board will again meet on St. Maarten without the Curaçao members Camelia, Renny Maduro and Lincoln James.

 

In any case the advice on the nominees to be made by the three St. Maarten-board members and the court-appointed seventh member Robert Pietersz won't be binding. In the end the two Ministers of Finance are to appoint the three representatives each of their respective countries on the board, usually after political consultations.

 

Independent (former PAR) parliamentarian Glenn Sulvaran, who backs Curaçao's Finance Minister Jose Jardim within the current coalition, plans to keep a close eye on what is going on. Sulvaran also claims Pietersz' appointment was illegal because he was a resident of Aruba at the time and the joint Central Bank's articles of association clearly state that board members must reside either on Curaçao or St. Maarten.

 

Camelia had insisted on an operational audit at CBCS that includes an integrity probe into president-director Emsley Tromp. However, the two ministers agreed to drop the latter idea.

 

The board also sent a letter to both ministers on April 19, stating that several operational aspects are lacking in the proposed Terms of Reference for the audit to be performed by PwC in The Netherlands. The board would like these included, but should the ministers fail to indicate if they are willing to do so by May 3, the board will "discuss whether or not" it will issue its own investigation order in this framework. The letter was signed by St. Maarten board member Jairo Bloem, who acted as chairman during the last board meeting on April 2.

 

The missing aspects mentioned regard the Central Bank's investment policy, the personnel policy, the permit policy, the cash management-process and compliance with accountability laws.