Commercial banks in the Curaçao–Sint Maarten monetary union added XCG 133.5 million in liquidity during the first eight months of 2026, raising questions about how available funds are translating into financing for businesses across Curaçao.

Figures from the Central Bank of Curaçao and Sint Maarten (CBCS) show that banking-system liquidity increased by 25.9% compared with the end of 2025. The increase was driven primarily by commercial banks’ foreign-exchange transactions with the central bank and higher deposits held there.

The central bank has been using financial instruments, including certificates of deposit, to absorb excess liquidity and influence how funds circulate within the monetary union. By August 31, outstanding certificates of deposit had reached XCG 653.1 million.

Yet the figures reveal an important challenge for local enterprises. While private-sector lending in Curaçao grew by 1% through April 2026, business loans declined by 2.1%. Mortgage lending increased by 3.8%, while consumer loans rose by 0.4%.

For entrepreneurs considering expansion, hiring or new investments, the availability and cost of business financing remain important factors. Greater liquidity in the banking system does not automatically mean more credit reaches small businesses and companies.

The latest figures put a key economic question in focus: will the additional liquidity translate into stronger business lending and investment in Curaçao?