These are key priorities outlined in a vision for economic development in the Caribbean territories of the Kingdom, presented to the Dutch House of Representatives today by State Secretary Zsolt Szabó (Digitalisation and Kingdom Relations) and Minister Dirk Beljaarts (Economic Affairs).
Economic Growth and Self-Sufficiency
The Dutch Cabinet is collaborating with local authorities, entrepreneurs, and stakeholders to develop solutions that drive economic growth. While each island is responsible for its own economic development, the Netherlands plays a role in fostering resilience and self-sufficiency on Bonaire, St. Eustatius, and Saba. For the autonomous Caribbean countries within the Kingdom, support is provided through the 'Country Packages'.
State Secretary Szabó stated: "A long-term economic vision, public investment, a stable capital market, and regional cooperation are vital for sustainable growth. These, alongside strong governance and sound financial management, are crucial to improving living standards and creating new opportunities for residents and businesses in the Caribbean."
Minister Beljaarts added: "A clear strategy, targeted investment, and strong partnerships are essential for a thriving and future-proof economy. By empowering entrepreneurs and enhancing prospects for residents, we bolster the economic resilience of the region."
St. Eustatius: Cultural Heritage and Tourism as Economic Drivers
Each island has identified its own priorities for economic development. St. Eustatius is focusing on leveraging its rich cultural and historical heritage to boost tourism. Sustainable tourism and infrastructure remain central to Bonaire’s plans, while Saba is prioritising ecotourism and port development. Regional funding agreements, including the Region Deals, will support these initiatives.
Research and consultations with businesses, local governments, and civil society groups have pinpointed five key areas critical to economic progress: access to banking and financing, connectivity and infrastructure, lower transport costs and reduced regulatory burdens, an efficient labour market, and digital transformation.
Support for Economic Growth in the Wider Caribbean
While Aruba, Curaçao, and St. Maarten manage their own economic development, the Netherlands provides targeted support. Initiatives include improved SME financing via the SME Credit Guarantee Scheme and closer alignment between education and employment markets. Digitalisation remains a shared focus.
In St. Maarten, post-hurricane reconstruction is supported by the World Bank’s Trust Fund. Curaçao is advancing in green hydrogen development, and the Caribbean Regional Technical Assistance Centre (CARTAC) continues to provide expertise across the region.
Reducing Dependence on Imported Food
Food security remains a pressing challenge for all six islands, which rely heavily on imported goods. This dependency drives high prices and economic vulnerability. To address this, the Dutch Cabinet has allocated €24 million to improve food security and promote sustainable agricultural solutions. A special coordinator has been appointed to explore effective long-term strategies, with implementation expected to begin later this year.
The Dutch Parliament’s Kingdom Relations Committee will discuss economic development and self-sufficiency in the Caribbean territories with State Secretary Szabó and Minister Beljaarts on 16 April.
For more information visit: Kamerbrief TK Economische ontwikkeling en zelfredzaamheid Caribische delen van het Koninkrijk | Kamerstuk | Rijksoverheid.nl
