Monday, March 11, 2019
Caribbean dependence on Venezuela.
The prolonged and deepening crisis in Venezuela is having a profound impact on many countries in the Caribbean. Economic and diplomatic links have grown in recent years, largely because of the PetroCaribe initiative.
- The United States will step in to limit the impact on some Caribbean countries, but this may be contingent on their line on Venezuela.
- Venezuelan migrant outflows will have a disproportionate effect on small Caribbean countries.
- The weakest Caribbean countries, notably Haiti, will be especially hard hit by the curtailing of Venezuelan assistance.