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Prime Minister Mike Eman and Minister Geoffrey Wever Begin Legal Process to Create Investment Fund

September 11, 2025
in Local News
Prime Minister Mike Eman and Minister Geoffrey Wever Begin Legal Process to Create Investment Fund
25
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The law to establish an Investment Fund has been declared a top priority for the Government of Aruba.

The Council of Ministers has approved the Department of Legislation and Legal Affairs to initiate the legal process to make the Investment Fund a reality. This initiative, highlighted in the AVP-Futuro Cabinet’s 2025–2028 Government Program, is designed to strengthen Aruba’s economic development.

According to Article 39 of the Comptability Law, a “budgetary fund” must be created through legislation. With the introduction of a draft law, including its explanatory memorandum, Aruba is taking the first legal steps toward establishing the Investment Fund. The fund will serve as a government management tool, allocating public funds annually to finance projects that benefit Aruba’s growth and development.

The Investment Fund will facilitate government-led investments in key sectors. While the government plays a vital role in creating favorable conditions for private-sector growth, it must also take concrete steps to make its own investments. Public investments not only stimulate economic activity but also help inspire confidence among local businesses and international investors, encouraging continued economic expansion.

Through the national budget approved by Parliament, public funds will be allocated to the Investment Fund each year. In 2026, the AVP-Futuro Cabinet plans to contribute 50 million Florins. Priority areas include district revitalization, education, the redevelopment of Oranjestad and San Nicolas centers and neighborhoods, social housing, senior housing, energy transition, and redevelopment of the former refinery grounds. Each initiative will be supported through the fund’s “Investment Agenda.”

The creation of this fund also opens the door for potential cooperation with the Netherlands. If successful, Aruba could convert portions of its COVID-19 loan obligations into contributions toward the fund. During his current visit to the Netherlands, Prime Minister Mike Eman will continue to promote this cooperative approach. Discussions may also explore the possibility of establishing a Kingdom-wide Investment Fund to finance major projects and build reserves for emergencies such as future crises.

Since taking office on March 28, the AVP-Futuro Cabinet has worked collectively to implement its 2025–2028 Government Program. According to Minister Geoffrey Wever, establishing the Investment Fund is a central priority that will ensure public funds are strategically reinvested in the community for Aruba’s long-term development.

Photo Credits: https://diario.aw/categories/noticia/general/minister-president-mike-eman-y-minister-geoffrey-wever-ta-cuminza-proceso-huridico-pa-crea-fondo-di-inversion

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