Francisco Herrera Luque’s sprawling novel about the Venezuelan elite was not only a bestseller: it helped shape a vision of the past that persists in our time
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
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
Larry Devoe built a career shielding Maduro from accountability for humanitarian collapse and repression
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
After lots of pressure and little debate, an insufficient Amnesty Law was approved unanimously by Delcy's National Assembly
