Meanwhile, our foreign exchange reserves reached historic highs of nearly NAf. 2,7 billion. The constitutional restructuring also meant that the wasteful duplication of the double layer of government was eliminated leading to a more manageable public sector and thus public finance. These developments led to much optimism and hence a favorable investment climate sufficient to withstand the impact of the Great Recession.
Curacao was among the very few countries that managed to record growth in the aftermath of the developments of 2008. However, as the old adage goes, not all that can be counted counts. In the years that followed, the investment climate deteriorated quickly and the much-needed investment dried up.