WILLEMSTAD – The government of Curaçao is exploring measures to ease the cost of living as international developments continue to impact local prices.
Under the direction of Prime Minister Gilmar Pisas, Minister of Economic Development Roderick Middelhof, who chairs the Crisis Team, met with key members alongside Minister of Traffic, Transport and Urban Planning and acting Minister of Finance Charles Cooper to assess the situation.
Minister Middelhof with the crisis team
The meeting focused on the effects of global economic conditions on Curaçao’s market, particularly rising prices affecting households. Among the options discussed were the introduction of maximum price controls and the possibility of temporary subsidies aimed at supporting the most vulnerable groups in society.
According to the government, these measures are still under consideration and will be further discussed during the next Council of Ministers meeting.
Authorities indicated that a press conference will be held in the near future to provide more detailed information to the public about the proposed actions.
The discussions highlight growing concerns about affordability on the island, as Curaçao seeks to mitigate the impact of external economic pressures on its population.