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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]
20 December – Venezuela releases ten Americans, including Leonard Glenn Francis, and the United States releases Alex Saab, an ally of Venezuelan president Nicolás Maduro, in a prisoner exchange between the two countries. As part of the deal, Venezuela will also release around 20 political prisoners from jail. [69]
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 ...
Venezuela presented a GDP contraction of 3.3% in 2009, leading the energy crisis to prolong the recession in 2010. [54] Additionally, the transfer of power generation from hydroelectric to thermoelectric increased domestic consumption of petroleum products and natural gas , causing a drop in Venezuelan exports, [ 55 ] [ 56 ] that had already ...
Presidential elections were held in Venezuela on 28 July 2024 to choose a president for a six-year term beginning on 10 January 2025. [2] [3] The election was politically contentious, with international monitors calling it neither free nor fair, [4] citing the incumbent Maduro administration having controlled most institutions and repressed the political opposition before, during, [2] [5] and ...
On 2 December 2020, the Organization of American States General Secretariat released a 145-page report expanding on the 2018 report by the Panel of Independent Experts that concluded there was a reasonable basis to believe crimes against humanity were being committed in Venezuela, noting that since 2018 the crimes against humanity in Venezuela ...
HAVANA (Reuters) -Cuba's national electrical system collapsed early on Wednesday morning after the country's largest power plant failed, the government said, the latest of several such failures as ...
26 April – Residents of La Pastora, a neighborhood located near the president's Miraflores Palace, spontaneously protested during the evening after they had been denied water in their homes once more after numerous months of complaints. The protests stunned security at the palace who observed individuals climbing the fences, with authorities ...