Cuba teeters on another “special period” and Venezuela braces for a new economic downturn. But with sanctions tightening and isolationism on the rise, old allies may no longer offer the lifelines Havana and Caracas have relied on
The issue currently causing the most anxiety for Venezuelans stems from a mix of the country’s long-standing exchange controls—now over 20 years old—and specific unfolding events
Not all decisions are final regarding the Trump administration's policies on Venezuela's oil sector. But revoking License 41 will lead, in the short and medium term, to a production decline that will make fuel more scarce and the economy weaker
Chevron’s wind-down will have an immediate impact in the oil industry and the economy, as things stand
Six questions to understand PDVSA’s handling of the Muscar Complex explosion
The chavista government left behind economic orthodoxy to survive beyond 2019. The expectations created in the elite and the excluded population pushed it to a sort of trap
This service is enabling five million Venezuelans to buy now and pay later, fueling consumption across the country
The closing of air routes, the fear of political retaliations and a deep fall of consumer spending in August put a halt, maybe temporary, to the country’s comeback to international live music
The difference between the official and parallel exchange rates for dollars and bolivars are increasing again. Why is this happening? How will it impact Venezuela?
The Venezuelan economy –growing at single digit rates after a decade-long massive contraction– continues to suffer structural constraints that not even regime change can lift in the short term
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