CARICOM Heads of Government are at this time holding a special emergency meeting via video-conference to address the ongoing situation in Venezuela.
Prime Minister Dr the Hon Keith Rowley and Minister of Foreign and CARICOM Affairs the Hon Denis Moses are in attendance.
The announcement was made by the Office of the Prime Minister's Twitter feed.
We will have more on this when there is further information.
The United States has pledge US$20 million in humanitarian aid to Venezeula, as it seeks to ensure that Venezuelan oil revenue goes to opposition leader Juan Guaido, who swore himself in as interim president, and to cut off money from the increasingly isolated President Nicolas Maduro.
The announcement signals that Washington is willing to go beyond traditional diplomatic measures and will seek to drain cash from Maduro's government which is already struggling under an unprecedented economic meltdown.
Venezuelan president Nicolas Maduro has cut off diplomatic relations with the United States, the biggest importer of Venezuelan oil, and said American diplomats had 72 hours to leave the country.
"Before the people and nations of the world, and as constitutional president. .... I've decided to break diplomatic and political relations with the imperialist U.S. government," Maduro told a crowd of red-shirted supporters gathered at the presidential palace.
US President Donald Trump on Wednesday recognized Venezuelan opposition leader Juan Guaido as the country's interim president.
Guaido swore himself in as president on Wednesday.
Trump described hard-left President Nicolas Maduro as "illegitimate" and said the National Assembly, headed by Guaido, is "the only legitimate branch of government duly elected by the Venezuelan people."
Trump's support for Guaido came shortly after the opposition leader declared himself "acting president" during a mass demonstration against Maduro.