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Venezuela's economy faltered while poverty, [59] [70] inflation [71] and shortages in Venezuela increased. According to Martinez Lázaro, professor of economics at the IE Business School in Madrid, the economic woes Venezuela continued to suffer under Maduro would have occurred even if Chávez were still in power. [ 72 ]
Venezuela exports rice, corn, fish, tropical fruit, coffee, pork and beef. Venezuela has an estimated US$14.3 trillion worth [28] of natural resources and is not self-sufficient in most areas of agriculture. Exports accounted for 16.7% of GDP and petroleum products accounted for about 95% of those exports. [29]
In 2014 The Central Bank of Venezuela stopped releasing statistics for the first time in its history as a way to possibly manipulate the image of the economy. [199] Venezuela has also dismantled CADIVI, a government body in charge of currency exchange. [121] In May 2019, the Central Bank of Venezuela released economic data for the first time ...
Early Monday morning, Venezuela's electoral authority - which the opposition accuses of being in Maduro's pocket - announced that he won another term in office, attracting 51% of the vote, with a ...
The U.S. Treasury Department last week extended a license to U.S. oil firm Chevron Corp to boost oil output and expand operations in Venezuela as part of a plan to encourage political talks ...
Obama issued a presidential order on 9 March 2015 declaring Venezuela a "threat to [U.S.] national security", and ordered the Treasury Department to freeze property and assets of seven Venezuelan officials [21] [22] it held responsible for human rights abuses, repression and at least 43 deaths during demonstrations. [23]
Opinion - Why the American right gets Venezuela all wrong, and the left doesn’t get it at all Hector D. Mujica, opinion contributor August 29, 2024 at 12:00 PM