opening remarks delivered by mrs. leila matroos - lasten, acting president of the centrale bank van curacao en sint maarten during the second of the third cbcs central banking conference opening remarks delivered by mrs. leila matroos - lasten, acting president of the centrale bank van curacao en sint maarten on the occasion of the third cbcs central banking conference reinventing central banking : supporting inclusive growth and financial innovation centrale bank van curacao en sint maarten, willemstad june 7, 2019 excellencies, distinguished guests, ladies and gentlemen, good morning. welcome to the second day of the third central banking conference of the centrale bank van curacao en sint maarten ( cbcs ). on behalf of the board of directors of the cbcs, also today i would like to extend a special, heartfelt thank you to the speakers who graciously accepted our invitation. during yesterday ’ s program, we discussed the concept of inclusive growth. ms. henriquez of the cbcs kickedoff the program with an overview of indicators beyond the gdp for inclusive growth, while mr. ivanyna of the imf and mrs. grenade of the caribbean development bank focused on the development of inclusive policy frameworks and the impact of such policies on our communities ’ well - being. mr. kanz from the worldbank discussed household over - indebtedness and the policies and actions that can be undertaken in this area. additionally, the program featured a presentation on the determinants of growth in the caribbean by ms. dare and ms. hieroms of the cbcs. finally, given the continuous risk of financial instability, mr. campos cuevas of the asba shared some insights on resolution regimes, while the governor of the central bank of trinidad and tobago, mr. hillaire, shared with us the lessons learnt in the area of resolution regimes. the overarching theme of this year ’ s conference : “ reinventing central banking : supporting inclusive growth and financial innovation ”, is no coincidence. inclusive growth and financial innovation are two areas where the cbcs can play a key role in supporting the sustainable development of curacao and sint maarten. the theme underscores a very important issue that we all are facing : the digital economic sector is purported to be growing 35 % faster than the wider economy. if inclusiveness, financial technology, and innovation

lopes, mrs. chaukos, and mr. cova. we encourage you to make the most of this opportunity to engage and interact with these experts. we will cap our day with presentations and a panel discussion on central bank digital currency ( cbdc ). new global or regional trends and policies have helped push innovation and technology to the forefront. an example of this is the increasing number of central banks carefully considering entering the cbdc space. we are excited to welcome mr. kiff, of the imf and one of the co - authors of the discussion note of the imf on the development and implementation of cbdc. mr. kiff will provide a short update of this important and dynamic discussion note. we will also have mrs. welsh provide an overview of the implementation of the cbdc by the eastern caribbean central bank, and subsequently, we will have mr. pietersz of the cbcs provide an overview of the status of our own consideration of cbdc. afterwards, mrs. luis of ibis management will share the results of a whitepaper issued on the potential implementation of a cbdc in curacao and sint maarten. let me say that we as regulators feel more vibrant than ever in our ability to keep evolving with the changes in our markets. ladies and gentlemen, once again i thank you for being here at the “ reinventing central banking : supporting inclusive growth and financial innovation ” conference of the cbcs. i wish you a successful second day of the conference and look forward to fruitful dialogue and discussion! thank you for your attention.