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It is the worst economic crisis in Venezuela's history, and the worst facing a country in peacetime since the mid-20th century. The crisis is often considered more severe than the Great Depression in the United States, the 1985–1994 Brazilian economic crisis, or the 2008–2009 hyperinflation in Zimbabwe. [5]
The election and protests occurred amid the Venezuelan crisis – ongoing since 2010 – which resulted in the largest peacetime exodus in history culminating in 7.7 million refugees in the Venezuelan diaspora from the Venezuelan refugee crisis according to the United Nations High Commissioner for Refugees.
During the crisis in Venezuela, the United States, Canada, Mexico, Panama, Switzerland individually, and the countries of the European Union collectively, have applied sanctions against people associated with Maduro's administration, including government officials, members of the military and security forces, and private individuals. [419]
Now, as the crisis over Maduro’s widely disputed reelection raises the specter of deeper global isolation in Caracas, pollsters, politicians and members of the diaspora warn that more ...
The crisis in Venezuela has resulted in the world’s largest mass migration in recent history: More than 7.7 million people have left the country since 2014, according to the United Nations High ...
By the time Maduro’s second presidential election was scheduled to take place, Venezuela had fallen into a deep economic and political crisis. The once oil-rich country was suffering from ...
The 2024–2025 Venezuelan political crisis is the ongoing crisis in Venezuela that was aggravated after the 2024 Venezuelan presidential election results were announced. [ 1 ] [ 2 ] [ 3 ] The 2024 election was held to choose a president for a six-year term beginning on 10 January 2025.
The economic and political crisis brought about by a crash in the price of oil – a key export for Venezuela – combined with chronic corruption and mismanagement at the hands of government ...