Curaçao governor ‘baffled’ by bond market reluctance

tromp-emsley

Emsley Tromp, president of the Central Bank of Curaçao and Sint Maarten, says he is "baffled" by the apprehension surrounding the bank's attempts to develop a corporate bond market.

Tromp told an audience in Curaçao the islands were flooded with "significant excess liquidity" when the Netherlands government issued debt relief in 2009 and 2010. 

In the wake of the relief, Tromp explained, the market for government bonds "dried up". As a result, the central bank lost its ability to influence the

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