ORANJESTAD (AAN): Parliamentarian and former Minister of Finance, Xiomara Maduro, has congratulated the people of Aruba following the country’s financial rating upgrade by Standard & Poor’s Global Ratings (S&P), moving from BBB+ to A- with a stable outlook.
Maduro emphasized that this achievement is a clear indication that Aruba’s public finances have been managed with discipline and long-term vision. According to her, the Aruba Financial Rating Upgrade is not accidental but the direct result of strong leadership and responsible decisions by the Wever-Croes Cabinet.
The S&P report highlights that Aruba achieved a fiscal surplus, significantly reduced its national debt, lowered interest costs, and strengthened international confidence. Since 2022, more than 600 million Florins in debt has been repaid, placing Aruba in a much stronger financial position.
Following the COVID-19 pandemic, the government focused on restoring fiscal discipline, controlling public spending, and rebuilding international trust. These efforts have contributed directly to the Aruba Financial Rating Upgrade, reflecting a stable and resilient economy.
Maduro stated, “In a difficult time, we chose responsible leadership, and today we see the results: a stronger, more stable Aruba with increased international respect. If we continue on this path, Aruba will keep progressing. However, if fiscal discipline is abandoned, we risk losing all the progress achieved.”
The upgrade to A- confirms that Aruba now has a solid financial foundation. This milestone is credited to consistent government policies, careful handling of financial challenges, and teamwork focused on the country’s well-being.
Despite past criticism, Maduro noted that the results now clearly demonstrate that the policies implemented are delivering positive outcomes for Aruba.
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