Oil‐rich Venezuela is being hit by the largest crisis in living memory. Now, more than 4.8 million Venezuelans have fled the country in search of food and safety. News about migration and humanitarian aid dominate. Yet, many Venezuelans stay and seek alternative strategies to cope with ...
CARACAS, Venezuela (AP) — The latest on the political crisis in Venezuela (all times local): 11 p.m. Venezuelans heeded opposition leader Juan Guaidó's call to fill streets around the nation Wednesday but security forces showed no sign of answering his cry for a widespread military uprising...
Venezuela’s communes seek to bring together communal councils that encompass 200–400 families in urban areas and 20–50 families in rural areas, to tackle issues such as housing, health, education and access to basic services in the local community. Decisions about problems to prioritise and ho...
At the beginning of the year, a dollar was worth about 3,200 bolivars, according to dolartoday.com, a website that tracks the unofficial rate that millions in Venezuela use to determine payments. The International Monetary Fund predicts that inflation in Venezuela will hit 650% this year ...
Venezuela crisis: A brief history: With Roger Noriega. Despite growing opposition within Venezuela, the Maduro regime has done everything it can to consolidate its power. How did we get to where we are today? AEI Visiting Fellow Roger Noriega explains.
In Caracas, the streets are crowded, the metro is working, and free public-health clinics are functioning normally. APOCALYPSE NOW? Within days of my arrival to Caracas a few weeks ago it became clear that while life in Venezuela is far from normal, and many are suffering from the crisis,...
The US envoy for the crisis in Venezuela, Elliott Abrams, said Tuesday that Washington was weighing more punitive measures to increase the pressure on Maduro. Guaido vowed on Tuesday to increase pressure on Maduro, who in turn promised to crush a “crazed minority” that wants to remove him ...
If you live outside the U.S. and your local currency is for some reason unavailable (like we've seen in many crises in emerging markets all around the world), or worthless (like we're seeing in Venezuela, today) – having greenbacks can be a lifesaver. ...
By the time Donald Trump intensified sanctions against Venezuela when he took office in 2017, the country's oil industry was already on its knees, though they have certainly made things even more difficult. Once Venezuela's main crude oil client, the United States today hinders even the importa...
Starting a business anywhere in the world today is a difficult task. But in Venezuela, entrepreneurs are doubly challenged, by both a deep economic crisis and the COVID-19 pandemic. Still, thousands of Venezuelans are working hard to succeed. ...