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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]
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 ...
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.
Venezuela’s border with Guyana, defined by an international tribunal in 1899, runs over 500 miles of rivers and watersheds from the Atlantic Ocean to a tri-point border at Mount Roraima in Brazil.
There has been censorship and media control during Venezuelan presidential crisis between 2019 and January 2023.. A crisis concerning who is the legitimate President of Venezuela began on 10 January 2019, when the opposition-majority National Assembly declared that incumbent Nicolás Maduro's 2018 reelection was invalid and the body declared its president, Juan Guaidó, to be acting president ...
Venezuela's opposition had hoped an electoral victory would draw that young generation back home and reunite the families torn apart by their country’s crises. But as Maduro clings to power, the ...
Venezuela's foreign ministry and the U.S. Treasury Department did not reply to requests for comment. "We will not discuss the content of our private diplomatic discussions," a State Department ...
During the crisis in Venezuela, the United States applied sanctions against specific Venezuelan government entities and individuals associated with the administration of Nicolás Maduro, along with sanctions applied by the European Union, Canada, Mexico, Panama and Switzerland. Through April 2019, the U.S. sanctioned more than 150 companies ...
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