They all say it is about the economy. It is more than ratio s, percentages, and growth; it is about the Lives of people
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- Henry Pierce
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3 They all say it is about the economy It is more than ratio s, percentages, and growth; it is about the Lives of people Let me share my version of that vision based on the belief that Curaçao Connects Communities
4 Global developments Wider Panama Canal Evolution of money Globalisation Urbanisation Unification tax and other regulations Power of Small and Medium Enterprises Rise of China
5 Local opportunities Curaçao as a trade and distribution point Service economy National Development Plan Shared prosperity
6 Local challenges Migration Public finances & economy Unbalanced GINI index Insular and open economy We need to align past, present and future to determine and assume our place in the global economy.
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8 Purpose of this Manifest Inclusive vision Shared understanding Agreed upon process Facilitate cooperation and collaboration Build a SMART island Show how!
9 Vision Politicians > Integrated vision > Dot on the horizon > Provide funding > PPP Government Financiers Life > Facilitate > Evidence based > Responsive > Engage stakeholders > Innovative > Globally connected > Socially responsible Entrepre -neurs
10 MY VISION Our Vision Curaçao is recognized globally as a great place to live, learn, play, work and do business because of its vibrant, inclusive, innovative and sustainable economy that connects communities. Economic Development Pillars Organizational Development Infrastructure Development Business Development Workforce Development Cash Flow Development Sector Strategies Tourism & Hospitality Financial Services Trade Transport Logistics Energy Oil Utilities Construction Maritime IT, technology & innovation Agriculture & Fishing Public Sector What we Want to Achieve Shared Prosperity: Growth in GDP / Growth in Jobs / Growth in Visitors / Growth in Wellbeing
11 Curaçao is recognized globally as a great place to live, learn, play, work and do business because of its vibrant, inclusive, innovative and sustainable economy that connects communities. Leverage Call for action Create focus Aim for results Diversified Economy Experience with international trade Stable legal system and social welfare Part of great diplomatic and international network Well connected by air, sea and IT Well educated and diverse population Global competitiveness Economic growth and shared prosperity Quality of Life Collaborative leadership (coalition for growth) Create jobs Create opportunities Grow business activity Expand role and value proposition Increase attractiveness Position as a center for knowledge creation and innovation Present as a great place to live Inspires, motivates and supports people Provides opportunities to live, work and prosper Exploits opportunities Locally and regionally well connected communities Present as world-class destination Shares the benefits of growth with all
12 Organizational Development Infrastructure Development Business Development Workforce Development Cash flow Development
13 SECTOR STRATEGIES Tourism & Hospitality Financial Services Trade Transport Logistics Energy Oil Utilities Construction Maritime IT, technology & innovation Agriculture & Fishing Public Sector Future state According to Strategic Tourism Master Plan: destination of distinction. Expansion in two dimensions: more visitors and more spending. Imperatives Improve the Curaçao experience Better, consistent marketing Increase public awareness Planned development Accessibility
14 SECTOR STRATEGIES Tourism & Hospitality Financial Services Trade Transport Logistics Energy Oil Utilities Construction Maritime IT, technology & innovation Agriculture & Fishing Public Sector Future state Target for growth of substance with the development of new products. Imperatives Creating more incentives Expanding number of tax treaties Flexible labor market Marketing and innovation Adopt FinTech Enhanced financing structures
15 SECTOR STRATEGIES Tourism & Hospitality Financial Services Trade Transport Logistics Energy Oil Utilities Construction Maritime IT, technology & innovation Agriculture & Fishing Public Sector Future state Because of Curaçao s unique positioning, both geographically and culturally, it is the ideal place to connect to and from Latin America. Imperatives Invest in infrastructure Revamp regulations Reduce cost of doing business Encourage PPP structure & investments Adopt English and Spanish Increase connectivity
16 SECTOR STRATEGIES Tourism & Hospitality Financial Services Trade Transport Logistics Energy Oil Utilities Construction Maritime IT, technology & innovation Agriculture & Fishing Public Sector Future state Decide about the Refinery (short term and long term) Reduce energy rate Focus on renewables Imperatives Identify alternative GDP growth opportunities Expand wind and sun Explore waste to energy, deep sea and alternative energy sources and application Examine PPP Investment structures
17 SECTOR STRATEGIES Tourism & Hospitality Financial Services Trade Transport Logistics Energy Oil Utilities Construction Maritime IT, technology & innovation Agriculture & Fishing Public Sector Future state The maritime sector is promising and the harbor policy outlines the framework for development. Dry Dock Imperatives Endorse new Dry Dock Adapt labor & immigration laws Adopt a PPP investment policy Ensure connectivity Schottegat Harbor Coastal Harbors
18 SECTOR STRATEGIES Tourism & Hospitality Financial Services Trade Transport Logistics Energy Oil Utilities Construction Maritime IT, technology & innovation Agriculture & Fishing Public Sector Future state The IT & Technology sector has a strong potential thanks to sound infrastructure, multi-lingual staff, and access to high-bandwidth fibre Imperatives Dedicated IT training Competitive telecom rates Adopt English & Spanish as business languages Better marketing in the region More flexible immigration policy for skilled staff Develop Space Port Creative industry Establish ecosystem fostering innovation
19 SECTOR STRATEGIES Tourism & Hospitality Financial Services Trade Transport Logistics Energy Oil Utilities Construction Maritime IT, technology & innovation Agriculture & Fishing Public Sector Future state Build a modern fleet and conservation fish farms, and facilitate innovative horticulture targeting high priced value-added food. Imperatives Joining fishery organisations Building a fishing fleet Creating cooperatives Establishing fish farms Invest in maritime science and build local knowledge Innovative horticulture, permaculture Fine dining using local produce
20 LIFE! Future state Curaçao is a great place to live, work and vacation, combining SMART solutions and connecting motivated people with bright, creative minds and entrepreneurial spirits to add value to lives. Imperatives Competency based training and life long learning Accessible and responsive government Ensure liveability and sustainability Facilitate Small and Medium Enterprises Mobility and connectivity Decent work for all / Work-Life balance
21 May 25, President Kennedy challenged the country to put a man on the moon by the end of the decade
22 My Commitment to a policy of growth Present, communicate and repeat a clear vision Implement innovative and fiscally responsible economic policy Maintain an effective regulatory regime Reduce red tape based on IMF and OESO recommendations Invest in human capital, simplify labour market and immigration policies Produce reliable, independent data Invest in both maintenance and expansion Showcase the economic assets of Curaçao One stop shop for investors
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