Why economist Carlos Hernández is staying in the country, despite political turmoil and zero economic opportunity.
One Venezuelan economist uses bitcoin to defend his family against financial instability.
An estimated 5 million Venezuelans have left the country due to high poverty rates.
Today Venezuela rolls out its new currency – the “sovereign bolivar.” It’s one of several steps the country is taking to curb runaway inflation, which is likely to top 1 million percent this year, according to the International Monetary Fund. What effect will this have on the South American nation’s economy? Click the audio player […]
New figures show Venezuela’s oil output plummeted again last year, continuing a years-long streak of falling production. What will it mean for the economy as inflation soars and quality of life for residents declines? Rice University’s Francisco Monaldi explains why he calls the trend a “death spiral” for the country’s oil industry. Click the above audio […]
Venezuela’s state-owned oil company must make a $1.2 billion payment to creditors tomorrow as it risks defaulting it’s debt. Russia’s state-owned oil company Rosneft has made billions of dollars in loans to cash-strapped Venezuela and is likely to step in again. This is part of a strategy for making energy investments in unstable countries where […]
As chaos in Venezuela continues, the Trump administration has imposed sanctions on President Nicolás Maduro and is threatening an embargo on Venezuelan oil. But that could backfire: if Washington pushes hard enough, Venezuela could go belly up on its debt, and that debt is owned in large part by Russia and China. The U.S. doesn’t want […]
There’s an election in Venezuela this Sunday that’s bringing the years of political and economic crisis to a head. Venezuela has suffered through general strikes and economic downturn, with skyrocketing inflation rates. And more than 100 people have been killed in violence related to political protests since April. Now President Nicolas Maduro wants to elect a new national […]