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Venezuela's reliance on imported goods and the complicated exchange rates initiated under Chávez led to increasing shortages during the late 2000s and into the 2010s that affected the availability of medicines and medical equipment in the country. [161] Associated Press says the government stopped publishing medical statistics in 2010. [162]
The 2009–2010 banking crisis occurred in Venezuela when a number of the banks of Venezuela were taken over by the government, after "the revelation that several banks owned by Hugo Chavez supporters were in financial trouble after engaging in questionable business practices. Some were seriously undercapitalized, others were apparently lending ...
The Venezuelan government spent $5 billion from January to June 1994 to try to rescue 8 banks, which were all declared bankrupt in June 1994. State officials suggested that most of the public funds for recovery had been stolen by bankers fleeing the country's crisis. At this point, reserves at the Central Bank dropped from $12 billion to $8 ...
Danish state bankruptcy of 1813. [2] Kingdom of France: 1788: On 17 August 1788, the royal treasury began paying creditors in IOUs rather than money after service on debt (mainly from the Seven Years' War and American War of Independence) had depleted the royal treasury to just 400,000 livres (one day's worth of state expenses).
Venezuela's government has closed its borders and airspace to Colombia for a period of 72 hours starting at 05:00 local time (10:00 GMT), the foreign ministry in Bogota said in a statement, adding ...
The history of Venezuela has been mired with "persistent and intense presence of corruption", according to the Cato Institute. [10] In 1991, author Ruth Capriles wrote The history of corruption in Venezuela is the history of our democracy depicting the many instances of corruption in the country. [11]
The electoral authority and Venezuela's top court say Maduro won, but have not published detailed tallies. Gonzalez, 75, said his son-in-law was kidnapped on Tuesday while taking his children to ...
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]