Following the October 5th election and the swearing in of the new parliament on November 2nd, the political scene has moved towards the creation of the new government led by the new prime minister, Hensley Koeiman of the Partido MAN. The MAN won the election having gained the largest share of the vote (16.2%), but with only four out of 21 seats in the Staten (the legislature) it must set up a coalition government. Although the coalition has not been fully defined yet, it will likely include Pueblo Soberano (PS), which led the previous (caretaker) government, as well as the Partido Nashonal di Pueblo (PNP), and the Partido Antiá Restrukturá (PAR). This would give the coalition a total of 12 seats.
The political establishment has been rocked by major corruption allegations over the last year, most recently involving the president of the Centrale Bank van Curaçao en Sint Maarten (CBCS, the Curaçao and Sint Maarten joint Central Bank), Emsley Tromp. Earlier in the year, former prime minister Gerrit Schotte of the opposition Movementu Futuro Kòrsou (MFK) was convicted on bribery charges and sentenced to three years in jail and a five-year ban from public office. Despite this, Mr Schotte was allowed to run in the election and the MFK came close to winning, with 16% of the vote and four seats. It is unclear whether the conviction will be upheld; if he is allowed to remain in the legislature, he is likely to present a strong opposition to the coalition.
The main threat to political stability is that a member of the coalition would withdraw, which would effectively leave it without a majority. As such, the new government will require a strong mandate to avoid a continuation of the political volatility that has affected the island in recent years. It will also have to address weak growth and implement unpopular policies, such as changes to public pension entitlements and to the education and healthcare systems, along with tax reform; these could easily be derailed by special interest groups. The business environment will continue to be hampered by political and policy uncertainty, with further corruption scandals also possible.