Who We Are
In April 2018, the Recovery, Reconstruction and Resilience Trust Fund (SXM TF) was established for up to 470 million euros, finance provided by the Government of the Netherlands, in response to the devastation caused by Hurricane Irma in Sint Maarten in September 2017.
The SXM TF supports a program for the post-hurricane recovery and reconstruction of Sint Maarten and the longer-term development priorities to strengthen the country's resilience.
The SXM TF is a tripartite partnership of the Sint Maarten and Netherlands governments and the World Bank. The partners have put agencies in charge of the efforts: the Sint Maarten National Recovery Program Bureau, the Netherlands Ministry of Interior and Kingdom Affairs, and the World Bank’s Caribbean Management Unit of the Latin America and the Caribbean Region.
The SXM TF collaborates on projects with local partners including the Sint Maarten Training Foundation (SMTF), the Sint Maarten Medical Center (SMMC), the Sint Maarten National Institute for Professional Advancement (NIPA), the NV GEBE water and power utility, the Sint Maarten Housing Development Foundation (SMHDF), and the Sint Maarten police and fire departments.
To help implement and coordinate the program, the Government of Sint Maarten in January 2019 established the National Recovery Program Bureau as an independent administrative agency.
Trust Fund Financing
To date, the SXM TF has received 438.115 million euros (US$512 million). No further funds are expected. The SXM TF is established for the benefit of the government and people of Sint Maarten. The Trust Fund is administered by the World Bank and the projects it finances are implemented by the Sint Maarten government in accordance with the World Bank’s Policies and Procedures.
The Trust Fund is governed by a three-person steering committee composed of representatives from the Government of Sint Maarten, the Government of the Netherlands, and the World Bank. The steering committee decides by consensus on the allocation of funds to short-, medium-, and long-term recovery projects, capacity building activities, and analytical work. The steering committee meets twice a year and on an ad-hoc basis to approve projects and monitor the progress of the activities financed by the trust fund.
The steering committee is supported in its work by a technical working group (TWG). The TWG prepares the biannual steering committee meetings and carries out the tasks the steering committee delegates it to meet the Trust Fund’s objectives.