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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 ...
This article needs to be updated. Please help update this article to reflect recent events or newly available information. (April 2023) Economy of Venezuela Plaza Venezuela in Caracas Currency Bolívar Digital (VES) Fiscal year Calendar year Trade organizations WTO, OPEC, Unasur, ALBA Statistics Population 28,301,696 (2022) GDP $102.328 billion (nominal, 2024 est.) $224.526 billion (PPP, 2024 ...
Previously, the country was an underdeveloped exporter of agricultural commodities such as coffee and cocoa, but oil quickly came to dominate exports and government revenues. The excesses and poor policies of the incumbent government led to the collapse of Venezuela's entire economy.
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.
After the February 1992 coup attempt, The first reaction of the traditional political parties was channeled in the Venezuelan Congress, through a document of condemnation, approved unanimously and without discussion, of the actions of Chávez and his companions, as well as an endorsement to democracy as a form of government. [2]
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]
Shortages in Venezuela of food staples and basic necessities occurred throughout Venezuela's history. [6] Scarcity became more widespread following the enactment of price controls and other policies under the government of Hugo Chávez [7] [8] and exacerbated by the policy of withholding United States dollars from importers under the government of Nicolás Maduro. [9]
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 ...