ORANJESTAD – The HOFA law not good for Aruba concern was strongly raised by MEP faction leader Evelyn Wever-Croes during a parliamentary meeting with Dutch State Secretary Eric van der Burg.
During the discussion, the State Secretary explained why he believes the Kingdom Law HOFA could benefit Aruba, particularly by reducing interest payments. However, Wever-Croes strongly disagreed with this position.
She argued that while the law may provide some financial relief in terms of lower interest costs, the broader risks could negatively impact Aruba’s socio-economic growth. According to her, these risks outweigh any short-term financial benefits.
The HOFA law not good for Aruba stance emphasizes that limiting economic growth could have long-term consequences for the island’s development. Wever-Croes stressed that saving on interest is not worthwhile if it results in economic stagnation.
She also pointed out that the HOFA law had already been signed by the current government (AVP-Futuro), as confirmed by the State Secretary. Despite this, she made it clear that efforts will continue to prevent the law from being fully implemented.
Wever-Croes added that new information shared during the meeting has provided further insight into the issue, reinforcing the opposition’s position. She concluded by stating that her party will continue to do everything possible to ensure the law does not become a reality, as they believe it is not in Aruba’s best interest.
