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It is the worst economic crisis in Venezuela's history, and the worst facing a country in peacetime since the mid-20th century. The crisis is often considered more severe than the Great Depression in the United States, the 1985–1994 Brazilian economic crisis, or the 2008–2009 hyperinflation in Zimbabwe. [5]
The 2024–2025 Venezuelan political crisis is the ongoing crisis in Venezuela that was aggravated after the 2024 Venezuelan presidential election results were announced. [ 1 ] [ 2 ] [ 3 ] The 2024 election was held to choose a president for a six-year term beginning on 10 January 2025.
An October 2020 report published by the Washington Office on Latin America (WOLA) by Venezuelan economist Luis Oliveros found that "while Venezuela's economic crisis began before the first U.S. sectoral sanctions were imposed in 2017, these measures 'directly contributed to its deep decline, and to the further deterioration of the quality of ...
Here are some reasons why the election matters to the world: Migration impact. The election will impact migration flows regardless of the winner. The instability in Venezuela for the past decade has pushed more than 7.7 million people to migrate, which the U.N.'s refugee agency describes as the largest exodus in Latin America’s recent history ...
During the crisis in Venezuela, the United States, the European Union, Canada, Mexico, Panama and Switzerland have applied individual sanctions against people associated with Maduro's administration, including government officials, members of the military and security forces, and private individuals alleged to be involved in human rights abuses ...
But Maduro endured and the economic and humanitarian crisis in Venezuela worsened. As a result, the U.S. has seen an increasing number of Venezuelans show up on its borders. ... For example, the ...
Why? Because he is scared of being recalled." [3] In the lead up to the declaration, United States intelligence officials told reporters that they were worried about an economic and political crisis in Venezuela, predicting that Maduro would not complete his presidency. [1] They added: "You can hear the ice cracking. You know there's a crisis ...
Venezuela's recent elections were marred by accusations of fraud and voter suppression, and the results have sparked strong reactions from the far right and far left of American politics. The U.S ...