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“The COVID-19 pandemic has taken a severe toll on the already fragile economies of Curaçao and Sint Maarten. Before the pandemic, Curaçao was in a protracted recession due mainly to the lingering spillover effects of the deep economic crisis in Venezuela. Meanwhile, Sint Maarten was starting to recover from the massive destruction caused by Hurricane Irma in 2017. According to the latest estimates, the economies of Curaçao and Sint Maarten may only reach their pre-pandemic levels by 2024”, stated Richard Doornbosch, president of the Centrale Bank van Curaçao and Sint Maarten (CBCS) in the 2020 Annual Report.