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CBCS Warns that U.S. Sanctions Against Venezuela Could Impact Curaçao

Local | By Correspondent January 16, 2025

WILLEMSTAD - The Central Bank of Curaçao and Sint Maarten (CBCS) is concerned that international measures against Venezuela, mainly originating from the United States, could have an impact on Curaçao. This was raised by Chris Rigaud, a board member of the bank, during a mini-symposium organized by the Association of Economists in the Dutch Caribbean yesterday. According to Rigaud, sanctions have already been imposed on the neighboring country, and additional measures could follow after the inauguration of President Trump. These actions may lead to social unrest, and the situation could have specific consequences for Curaçao, which is located very close to Venezuela. 

Rigaud gave a presentation in which he emphasized the importance of understanding what is happening around us, both regionally and globally. He pointed out that Curaçao should not overlook tensions in the Middle East, as these situations could drive global inflation higher and potentially affect construction projects on the island.

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