The event, held on 2 and 3 December 2025, brought together representatives from the three BES islands to strengthen cooperation, improve financial management practices, and exchange knowledge. Sessions covered topics such as risk awareness, funding streams, improvements in the budget cycle and reporting, and the revision of BBV BES (the financial framework that sets the rules for budgeting and accountability for the islands). Integrity within financial operations was also discussed. Participants shared common challenges and explored possible collective solutions.
During the discussions, the Statia team raised several key points, including capacity limitations and exploring alternative financing options for major projects—such as the construction of a new government building to house most directorates. The team also highlighted the need for clear guidance and tools to support the risk analysis process, along with concerns related to fixed capital investment categories and depreciation.
The delegation was invited to present St. Eustatius’ budget processes, reflecting the progress made in recent years. Their presentation was well received and earned praise from both BZK and CFT, who noted that the island is moving in the right direction. This acknowledgement reflects the ongoing efforts to strengthen financial management.
The event also provided valuable opportunities for the islands to align reporting practices, share ideas, and learn from one another. Relationships between the teams were further strengthened, and the islands agreed to stay in close contact to explore which processes can be harmonised and to support each other where possible.
The Finance team looks forward to continuing this cooperation and contributing to more unified financial practices across the BES islands.
