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In March 2019, The Wall Street Journal reported that the "collapse of Venezuela's health system, once one of the best in Latin America, has led to a surge in infant and maternal mortality rates and a return of rare diseases that were considered all but eradicated. Health officials say malaria, yellow fever, diphtheria, dengue and tuberculosis ...
Venezuela's economy has been in a state of total economic collapse since 2013. [35] In 2015, Venezuela had over 100% inflation—the highest in the world and the highest in the country's history at that time. [36]
Hyperinflation in Venezuela was the currency instability in Venezuela that began in 2016 during the country's ongoing socioeconomic and political crisis. [3] Venezuela began experiencing continuous and uninterrupted inflation in 1983 , with double-digit annual inflation rates.
The Wall Street Journal said that the acceptance of humanitarian shipments by Maduro was his first acknowledgement that Venezuela is "suffering from an economic collapse." [ 227 ] [ 228 ] After a 9 April meeting with the International Committee of the Red Cross (ICRC), [ 229 ] Maduro indicated for the first time that he was prepared to accept ...
In the early 2000s, when oil prices soared and offered Chávez funds not seen since the beginning of Venezuela's economic collapse in the 1980s, Chávez's government became "semi-authoritarian and hyper-populist" and consolidated its power over the economy in order to gain control of large amounts of resources.
Canada's Special Economic Measures (Venezuela) Regulations were amended on 30 May 2018 to account for the "economic, political and humanitarian crisis in Venezuela" that the Canadian statement said "moves [Venezuela] ever closer to full dictatorship". [191] The government sanctioned Maduro's wife, Cilia Flores, and 13 other members of the ANC ...
Viernes Rojo (Red Friday) in Venezuela refers to Friday, 17 August 2018, when President Nicolás Maduro announced a series of economic reforms known as "Program of Recovery, Growth and Economic Prosperity", in response to increasing hyperinflation. This event is also known as Paquetazo Rojo (Red Package) [1] or Madurazo [2] by some media outlets.
Dilma Rousseff and Nicolás Maduro. On 13 May 2016 a state of emergency was declared in Venezuela by President Nicolás Maduro.The details of this emergency condition were not explained by Maduro but he mentioned conspiracy within the country and from an OPEC country and the United States to overthrow the Caracas government.