This week, the US opened the door to a new era for Venezuela’s financial institutions. Everything now hinges on who will lead the central bank
Peter Magyar’s takeover provides a real-time model from which Venezuelans can draw lessons in confronting Delcy
Larry Devoe built a career shielding Maduro from accountability for humanitarian collapse and repression
The next step for Venezuela would be appointing a new, more potable, Central Bank board. On Thursday night, Delcy announced the resignation of the BCV’s president.
Tuesday: The new OFAC banking license allows Venezuelan public banks to legally use US dollars, receive billions of dollars in oil sales, and enter the US-controlled financial system.
Wednesday: Laura Dogu leaves her post as the US chief of mission in Venezuela. John Barrett, the former chargé d’affaires in Guatemala, will sets up shop in Caracas.
Thursday: The International Monetary Fund recognizes Delcy Rodríguez as acting president , “resumes dealings with Venezuela.” Meanwhile, Bloomberg reports the Cisneros Group has raised two thirds of the $1bn it plans to raise for a new investments fund.
During the first quarter of the year, the Caracas stock market grew by 81.3% compared to the same period in 2020. Let’s see what’s happening
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After chavismo hollowed out credit, companies survive in a financing vacuum while waiting for macroeconomic stabilization, reform and the normalization of dollar-based finance
Under the Constitution, the country should be preparing for a presidential election within 30 days. Maduro’s absence has surpassed the binding 90-day threshold
A visit to a Paris museum offers a close encounter with this elegant airplane that embodied the fallen dream of first-world-level consumption
In the heart of the slum, a crowd accompanied the living via crucis that remains a symbol of Holy Week in Caracas
Venezuela’s central bank released limited GDP data for the first time since 2019. I use the new base year to track how different sectors emerged from the crisis
After lots of pressure and little debate, an insufficient Amnesty Law was approved unanimously by Delcy's National Assembly
