Dutch spent nearly 430 million in Caribbean territories last year

POSTED: 06/21/12 12:59 PM

WILLEMSTAD/GREAT BAY – Usona has proclaimed success is ensuring that development funds it manages are not under spent. The comment is the core theme in the agency’s annual report for 2012. The organization signed a total of 305 financing agreements for a total of 429.5 million guilders. This represents 94 percent of the current development funds. Some 84 percent of the approved financing has been financially committed with orders for execution and 62 percent of these has resulted in payments.

“The willingness and the political/administrative commitment have been high in the past year. The countries/islands, Sona and Usona are committing themselves to achieve that the funds intended for the cooperation programs are being optimally employed,” a release states.

The release also announces that the Netherlands will continue to deposit the funds for the cooperation programs until December 31, 2012 and that the execution of the cooperation programs may be extended until the end of 2014. Sona, which is the parent body for Usona, further recommends that the entities to continue to give extra priority to the projects because of the relatively short time that remains for execution.

Sona also announced on Wednesday that it will sign a new management agreement with the Dutch Minister of Home Affairs and Kingdom Relations (BZK) that will last until December 31, 2015. The new agreement, which follows a work conference earlier this year, will place emphasis on the shift from assessment to the execution of projects that first became clearly visible in 2011 and is continuing in 2012.

“In order to reinforce the monitoring of the project results, the Sona procedure rules will be made more stringent in 2012. Strict adherence to these sharpened procedure rules will further contribute to an improved monitoring and efficient execution of the projects. The board of Sona is looking forward to the continuation of the productive cooperation with all entities involved,” the organization’s release states.

Sona maintains supervision on the legitimate and effective administration of the monies that are made available by donors for the development projects on Curaҁao, St. Maarten, Bonaire, St. Eustatius and Saba. The implementing organization Usona does the execution of the activities on behalf of Sona. The largest donor is the Ministry of Home Affairs and Kingdom Affairs (BZK). In addition to that Sona has been charged with the execution of the projects that are financed out of the 9th EDF (European Development Fund) from the EU and at the moment USONA is in the process of preparing the construction of a new hospital for Curaҁao, commissioned by the Curaҁao Government.

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