Ash in the head | The Netherlands will acknowledge its shameful past in

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The Dutch government plans to apologize for its historic role in the slave trade and set up a fund for projects aimed at raising awareness of the legacies of slavery, according to government sources cited by Bloomberg.

The fund will be announced after central authorities formally apologize for the Dutch nation’s role in the history of slavery, which could happen by the end of this year or early next year, according to the sources cited.

As for the fund that will be established, it could reach 200 million euros.

Prime Minister Mark Rutte’s office declined to comment on the information.

Last year, the mayor of the Dutch capital Amsterdam formally apologized for his city’s role in the history of slavery, and bank ABN Amro and the Dutch Central Bank followed suit this year.

Klaas Knot, the central bank governor and member of the European Central Bank’s Board of Governors, apologized to the descendants of slaves and set up a fund to finance projects worth 5 million euros ($5.1 million) over the next 10 years, intended for projects that will take place in the Netherlands, Suriname and some islands in the Caribbean.

Prime Minister Mark Rutte will visit Suriname this week to discuss the country’s history of slavery. On Friday, Rutte told the Dutch media that, on the topic of the role of the Dutch in the slave trade, “there will be a significant moment towards the end of this year”.