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The 2024 Venezuelan political crisis refers to 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.
An October 2020 report published by the Washington Office on Latin America (WOLA) by Venezuelan economist Luis Oliveros found that "while Venezuela's economic crisis began before the first U.S. sectoral sanctions were imposed in 2017, these measures 'directly contributed to its deep decline, and to the further deterioration of the quality of ...
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]
A Venezuela election body stacked with Maduro backers has declared Maduro the winner of the country’s July 28 election but refused to release vote tallies. Opposition leaders say partial tallies ...
PHOTO: Police officers take security measures as people gather to protest against reelection of Venezuelan President Nicolas Maduro for the 3rd term one day after the Venezuelan presidential ...
In the beginning of the crisis, Venezuela's credit ratings were downgraded to "junk territory" or below investment grade with negative outlooks according to most rating agencies. [ 93 ] [ 76 ] [ 94 ] In a little more than one year, Standard and Poor's downgraded Venezuela's credit rating three times; from B+ to B in June 2013, [ 95 ] B to B− ...
Venezuela retired from TIAR in 2013; Deputy Francisco Sucre stated that Chávez had removed Venezuela from the pact in a "strategy to isolate Venezuela by a totalitarian system mirroring [Cuba]". [54] Venezuela's reincorporation to the pact "can be used to request military assistance against foreign troops inside the country". [54]
The negotiations during the crisis in Venezuela are the negotiation and dialogue attempts and processes between the government of Nicolás Maduro and the Venezuelan opposition. Although numerous dialogue processes and roundtables have taken place, by 2023 none had been effective in achieving a solution to the country's crisis. [1]