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The recovery of oil prices in the early 2000s gave Venezuela oil funds not seen since the 1980s. [2] A destabilized economy led to a crisis in Bolivarian Venezuela, resulting in hyperinflation, an economic depression, shortages of basic goods and drastic increases in poverty, disease, child mortality, malnutrition, and crime. [3] [4]
Banco del Tesoro Publicly traded Caracas: 2005 Banco Plaza Publicly traded Caracas [18] 1989 Banplus Publicly traded Caracas: 2007 Agricultural Bank of Venezuela State-owned Caracas: 2005 [19] Citibank Venezuela Caracas: 1917 2021 Corp Banca Venezuela Publicly traded Caracas: 1997 2013 [20] DELSUR Banco Universal Publicly traded
It serves as a bank focused on financing projects that contribute toward the development of Venezuela. It was founded in 2001. [1] It has subsidiaries that are based in Venezuela, Uruguay and Bolivia; [2] the subsidiaries are Banco Bandes Uruguay, Banco Bicentenario del Pueblos, Banco Universal SA Banco de Venezuela, and Banco Prodem SA, of ...
The BIV was established in 1937 with 60% state and 40% private capital investment. The state gradually gained full control, and in the 1960s and 1970s, the bank was an instrument in the government's import substitution policy of industrialization.
6 January – Venezuela breaks off diplomatic relations with Paraguay after the latter's president Santiago Peña recognizes Edmundo González Urrutia as president-elect of Venezuela. [ 3 ] 9 January – Opposition leader María Corina Machado is arrested by government security forces after leaving a rally in Caracas .
Social security is a human and social fundamental and inalienable right guaranteed by the State to all Venezuelans residing in the territory of the Republic, and all foreigners legally impeached on it, regardless of ability to pay, provided social, work activity, through development, wages, earnings and income, according to the principle of progressivity and the terms of the 1999 Constitution ...
Banco de Venezuela (abbreviated: BDV) is an international universal bank based in Caracas. It was the market leader in Venezuela until 2007, when it fell to third place, with an 11.3% market share for deposits; its major competitors are Banesco , Banco Mercantil and BBVA Banco Provincial . [ 1 ]
The Ministry of Economy and Finance (Ministerio del Poder Popular de Economía y Finanzas, in Spanish, literally, "Ministry of People's Power for the Economy and Finance") is a ministry of the government of Venezuela with similar portfolios dating back to 1810 with the creation of a tax office.