Government Aruba will assist small and medium-sized companies and employees

Dit item is gearchiveerd op 12-04-2020.

ORANJESTAD - The Prime Minister announced on March 9, 2020, that the government will prepare an economic and innovation stimulus package' to absorb the economic effects of the Coronavirus.

Prime Minister Evelyn Wever-Croes has indicated that the government is simultaneously working on 3 contingency plans.

PUBLIC HEALTH

CoronavirusThe first plan regards public health care, under the leadership of Prime Minister Evelyn Wever-Croes and the Minister of Health and Tourism. The government has taken this to the level of a crisis to prepare better and to give the government more powers to enforce proper preparation. Cabinet Wever-Croes created a crisis preparedness fund in 2018 to cover these extra costs.

TOURISM

The second plan is a contingency plan to compensate for any loss of tourism. The Aruba Tourism Authority (ATA), the Aruba Ports Authority (APA) and the Aruba Airport Authority (AAA) are charged with this, under the leadership of the Minister of Health and Tourism, Dangui Oduber. ATA has an emergency fund for this.

Economic and innovation stimulus package

Coronavirus COVID-19-virusThe third plan is headed by Prime Minister Evelyn Wever-Croes. The government has indicated that it wants to assist small and medium-sized enterprises and employees who are in financial difficulties because of the coronavirus.

The first phase will be the accelerated processing of requests for investments that have already been submitted, whereby the regular 'red tape' should not be an obstacle.

With these economic activities, the government hopes to keep the economy going, in particular, to continue to employ citizens who lose a job.

The government will also set up an 'economic and innovation fund' to support companies financially. How much will be invested in that fund depends on many factors. The budget proposal 2020 currently under discussion by the Parliament must be adopted.

Besides, the government is also applying for funds from international organizations that have made funds available for this purpose.

With this fund and the emergency plan currently being drawn up, Aruba is one of the first countries in the region to prepare well in this area. This is now possible thanks to the fact that Aruba now has a budget surplus, after many years.

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