Venezuela

Country Venezuela
Capital Caracas
Continent South America
Currency Bolivar fuerte(VEF)
Languages Spanish

Information

Introduction

Venezuela was one of three countries that emerged from the collapse of Gran Colombia in 1830 (the others being Ecuador and New Granada, which became Colombia). For most of the first half of the 20th century, Venezuela was ruled by generally benevolent military strongmen, who promoted the oil industry and allowed for some social reforms. Democratically elected governments have held sway since 1959. Hugo CHAVEZ, president since 1999, seeks to implement his "21st Century Socialism," which purports to alleviate social ills while at the same time attacking capitalist globalization and existing democratic institutions. Current concerns include: a weakening of democratic institutions, political polarization, a politicized military, drug-related violence along the Colombian border, increasing internal drug consumption, overdependence on the petroleum industry with its price fluctuations, and irresponsible mining operations that are endangering the rain forest and indigenous peoples.

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References

Venezuela - Wikipedia
Venezuela - CIA World Fact Book
Venezuela - BBC
Venezuela - Timeline - BBC

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News Headlines

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Venezuela, IMF, World Bank restore relations, paving way for investment - The HinduVenezuela, IMF, World Bank restore relations, paving way for investment  The Hindu

IMF: ANNOUNCES RESUMPTION OF DEALINGS WITH VENEZUELA - news.cgtn.comIMF: ANNOUNCES RESUMPTION OF DEALINGS WITH VENEZUELA  news.cgtn.com

Venezuela Interim President Confirms Restoring Relations with IMF - Deccan ChronicleVenezuela Interim President Confirms Restoring Relations with IMF  Deccan Chronicle

Repsol Regains Control of Venezuela Oil Fields, Aims to Boost Production - WSJRepsol Regains Control of Venezuela Oil Fields, Aims to Boost Production  WSJ

Live updates: Ex-Venezuelan leader Nicolás Maduro faces New York court - BBCLive updates: Ex-Venezuelan leader Nicolás Maduro faces New York court  BBC

Chevron Expands Heavy Oil Footprint in Venezuela - RigzoneChevron Expands Heavy Oil Footprint in Venezuela  Rigzone

China opposes illegal unilateral sanctions lacking basis in international law, abuse of long-arm jurisdiction: FM on impact of US measures against Venezuela on China-Venezuela co-op - Global TimesChina opposes illegal unilateral sanctions lacking basis in international law, abuse of long-arm jurisdiction: FM on impact of US measures against Venezuela on China-Venezuela co-op  Global Times

Economist Proposes National USD Stablecoin to Eliminate Currency Controls in Venezuela - Bitcoin NewsEconomist Proposes National USD Stablecoin to Eliminate Currency Controls in Venezuela  Bitcoin News

Repsol Returns to Venezuela With Ambitious Production Growth Plan - Crude Oil Prices Today | OilPrice.comRepsol Returns to Venezuela With Ambitious Production Growth Plan  Crude Oil Prices Today | OilPrice.com

Chevron and PDVSA shake hands on asset swap in Venezuela - Offshore-Energy.bizChevron and PDVSA shake hands on asset swap in Venezuela  Offshore-Energy.biz

Venezuela, Russia step up crude shipments, India benefits - The HinduVenezuela, Russia step up crude shipments, India benefits  The Hindu

Chevron grows Venezuela heavy oil position with asset swap - The Energy YearChevron grows Venezuela heavy oil position with asset swap  The Energy Year

IMF, World Bank say they are restoring ties with Venezuela - Al JazeeraIMF, World Bank say they are restoring ties with Venezuela  Al Jazeera

Repsol expands Venezuela oil output under revised PDVSA pact - ALCHEMProRepsol expands Venezuela oil output under revised PDVSA pact  ALCHEMPro

US eases sanctions on state-run Venezuelan banks - BBCUS eases sanctions on state-run Venezuelan banks  BBC

Repsol agreement greenlights production boost in Venezuela - The Energy YearRepsol agreement greenlights production boost in Venezuela  The Energy Year

Donald Trump has made Venezuela a better place - The EconomistDonald Trump has made Venezuela a better place  The Economist

IMF, World Bank say they are resuming dealings with Venezuela - ReutersIMF, World Bank say they are resuming dealings with Venezuela  Reuters

Chevron consolidates Venezuela heavy oil position in asset swap - Euro-petrole.comChevron consolidates Venezuela heavy oil position in asset swap  Euro-petrole.com

Venezuela’s energy sector on a revival journey as Middle East exports endure disruption - Energy ConnectsVenezuela’s energy sector on a revival journey as Middle East exports endure disruption  Energy Connects

IMF and World Bank to restore relations with Venezuela - Le Monde.frIMF and World Bank to restore relations with Venezuela  Le Monde.fr

Venezuela and EU set out roadmap for renewed ties amid political thaw - Euronews.comVenezuela and EU set out roadmap for renewed ties amid political thaw  Euronews.com

Venezuela will likely get IMF loan support after necessary groundwork, Georgieva says By Reuters - Investing.comVenezuela will likely get IMF loan support after necessary groundwork, Georgieva says By Reuters  Investing.com

IMF, World Bank say they are resuming dealings with Venezuela - CNBCIMF, World Bank say they are resuming dealings with Venezuela  CNBC

IMF, World Bank restore relations with Venezuela - DW.comIMF, World Bank restore relations with Venezuela  DW.com

How Venezuela's oil industry has changed since Maduro's capture - marketplace.orgHow Venezuela's oil industry has changed since Maduro's capture  marketplace.org

IMF resumes dealings with Venezuela after more than 6-year suspension - Anadolu AjansiIMF resumes dealings with Venezuela after more than 6-year suspension  Anadolu Ajansi

Delcy Rodriguez calls for a ‘Venezuela free of sanctions’ amid US detente - Al JazeeraDelcy Rodriguez calls for a ‘Venezuela free of sanctions’ amid US detente  Al Jazeera

Spain's Sanchez says Venezuela's Machado declined to meet him - ReutersSpain's Sanchez says Venezuela's Machado declined to meet him  Reuters

Repsol agrees Venezuela deal to boost oil production and regain control of assets - Euronews.comRepsol agrees Venezuela deal to boost oil production and regain control of assets  Euronews.com

Venezuela frees dozens of political prisoners - Bangladesh Sangbad Sangstha (BSS)Venezuela frees dozens of political prisoners  Bangladesh Sangbad Sangstha (BSS)

Venezuela's Rodriguez pushes reforms in first 100 days - DW.comVenezuela's Rodriguez pushes reforms in first 100 days  DW.com

Repsol signs deal with Venezuela to increase its production by 50% - Upstream OnlineRepsol signs deal with Venezuela to increase its production by 50%  Upstream Online

Video. Venezuela and EU set out roadmap for renewed ties amid political thaw - Euronews.comVideo. Venezuela and EU set out roadmap for renewed ties amid political thaw  Euronews.com

IMF and World Bank resume dealings with Venezuela after years of isolation - AnewZIMF and World Bank resume dealings with Venezuela after years of isolation  AnewZ

Scoop: U.S. eases bank sanctions amid Venezuela's economic woes - AxiosScoop: U.S. eases bank sanctions amid Venezuela's economic woes  Axios

"A wise choice": Trump says Venezuela to purchase only American-made products - Rising Kashmir"A wise choice": Trump says Venezuela to purchase only American-made products  Rising Kashmir

IMF to Resume Formal Engagement With Venezuelan Government - Bloomberg.comIMF to Resume Formal Engagement With Venezuelan Government  Bloomberg.com

The Venezuela Model - The New York TimesThe Venezuela Model  The New York Times

IMF announces restoring ties with Venezuela after being on pause since 2019 - FirstpostIMF announces restoring ties with Venezuela after being on pause since 2019  Firstpost

Repsol reaches agreement with Venezuela and will triple production in three years - The Corner .euRepsol reaches agreement with Venezuela and will triple production in three years  The Corner .eu

Spain's Repsol moves to gain control of Venezuelan oil operations - ReutersSpain's Repsol moves to gain control of Venezuelan oil operations  Reuters

Venezuela Bonds Rally as IMF Resumes Formal Contact with Caracas - Bloomberg.comVenezuela Bonds Rally as IMF Resumes Formal Contact with Caracas  Bloomberg.com

Police in Venezuela block protesters calling for higher wages, pensions - Al JazeeraPolice in Venezuela block protesters calling for higher wages, pensions  Al Jazeera

Top U.S. Diplomat in Venezuela Leaves Post After Arriving in January - The New York TimesTop U.S. Diplomat in Venezuela Leaves Post After Arriving in January  The New York Times

Venezuela is not the triumph Donald Trump claims, but it’s improving - The EconomistVenezuela is not the triumph Donald Trump claims, but it’s improving  The Economist

IMF, World Bank renew Venezuela ties after 6-year rupture - SemaforIMF, World Bank renew Venezuela ties after 6-year rupture  Semafor

What Does Venezuela's new Mining Law Mean for Supply Chains? - Supply Chain Digital MagazineWhat Does Venezuela's new Mining Law Mean for Supply Chains?  Supply Chain Digital Magazine

Spain’s Repsol signs deal to boost oil output in Venezuela - Anadolu AjansiSpain’s Repsol signs deal to boost oil output in Venezuela  Anadolu Ajansi

The Venezuelan Oil Industry Trump Is Planning to Revive - The New York TimesThe Venezuelan Oil Industry Trump Is Planning to Revive  The New York Times

Spain’s Repsol wins back control of Venezuelan oil operations - Financial TimesSpain’s Repsol wins back control of Venezuelan oil operations  Financial Times

Venezuela Central Bank Chief Resigns, VP Perez to Take Over - Bloomberg.comVenezuela Central Bank Chief Resigns, VP Perez to Take Over  Bloomberg.com

US Wants New Electoral Board to Oversee Next Venezuela Vote - Bloomberg.comUS Wants New Electoral Board to Oversee Next Venezuela Vote  Bloomberg.com

Colombia’s Petro to Visit Venezuela Next Week, Proposes Transitional Government - ColombiaOne.comColombia’s Petro to Visit Venezuela Next Week, Proposes Transitional Government  ColombiaOne.com

Repsol signs agreement to triple oil production in Venezuela - marketscreener.comRepsol signs agreement to triple oil production in Venezuela  marketscreener.com

U.S. Moves to Secure Venezuela's Gold as Influence Deepens After Intervention - Crude Oil Prices Today | OilPrice.comU.S. Moves to Secure Venezuela's Gold as Influence Deepens After Intervention  Crude Oil Prices Today | OilPrice.com

Repsol Reclaims Ground in Venezuela Oil Sector to Drive Output Growth - Zacks Investment ResearchRepsol Reclaims Ground in Venezuela Oil Sector to Drive Output Growth  Zacks Investment Research

Venezuelan Gov’t Resumes IMF, World Bank Ties, Appoints New Central Bank President - VenezuelanalysisVenezuelan Gov’t Resumes IMF, World Bank Ties, Appoints New Central Bank President  Venezuelanalysis

Venezuela, IMF, World Bank restore relations, paving way for investment - KTENVenezuela, IMF, World Bank restore relations, paving way for investment  KTEN

IMF About to Restore Venezuela Relations, Spain’s Cuerpo Says - Bloomberg.comIMF About to Restore Venezuela Relations, Spain’s Cuerpo Says  Bloomberg.com

Venezuela Names New Central Bank Head As Sanctions Lifted - teleSUR EnglishVenezuela Names New Central Bank Head As Sanctions Lifted  teleSUR English

Trump administration lifts key sanctions on Venezuela’s financial system - Miami HeraldTrump administration lifts key sanctions on Venezuela’s financial system  Miami Herald

Venezuela’s ‘Chavismo’ movement faces a crossroads after US attack - Al JazeeraVenezuela’s ‘Chavismo’ movement faces a crossroads after US attack  Al Jazeera

US lifts sanctions on Venezuela’s acting president Delcy Rodríguez - The GuardianUS lifts sanctions on Venezuela’s acting president Delcy Rodríguez  The Guardian

Venezuela resumes ties with IMF after years of suspension - Latest news from AzerbaijanVenezuela resumes ties with IMF after years of suspension  Latest news from Azerbaijan

Venezuela, IMF, World Bank restore relations, paving way for investment - Myanmar International TVVenezuela, IMF, World Bank restore relations, paving way for investment  Myanmar International TV

Opinion | The Trump Doctrine in Action - WSJOpinion | The Trump Doctrine in Action  WSJ

Venezuela, IMF, World Bank restore relations, paving way for investment - CNAVenezuela, IMF, World Bank restore relations, paving way for investment  CNA

US and Venezuela normalize relations three months after abduction of Nicolas Maduro - Le Monde.frUS and Venezuela normalize relations three months after abduction of Nicolas Maduro  Le Monde.fr

Repsol Reclaims Ground in Venezuela Oil Sector to Drive Output Growth - The Globe and MailRepsol Reclaims Ground in Venezuela Oil Sector to Drive Output Growth  The Globe and Mail

US lifts sanctions on Venezuelan interim leader Delcy Rodríguez - BBCUS lifts sanctions on Venezuelan interim leader Delcy Rodríguez  BBC

Delcy Rodríguez replaces Venezuela’s top military commanders - The GuardianDelcy Rodríguez replaces Venezuela’s top military commanders  The Guardian

Venezuela Says MMPA Blue Crab Process Complete, Eyes US Market Return - SeafoodnewsVenezuela Says MMPA Blue Crab Process Complete, Eyes US Market Return  Seafoodnews

IMF resumes Venezuela ties after Maduro’s fall - The Copenhagen PostIMF resumes Venezuela ties after Maduro’s fall  The Copenhagen Post

Trump and the Venezuela Model of Compliant Autocracy - Time MagazineTrump and the Venezuela Model of Compliant Autocracy  Time Magazine

Why we should care about Iranian and Venezuelan oil - The Jakarta PostWhy we should care about Iranian and Venezuelan oil  The Jakarta Post

Bessent: IMF, World Bank Resume Formal Relations With Venezuela - NTD NewsBessent: IMF, World Bank Resume Formal Relations With Venezuela  NTD News

Venezuela will likely get IMF loan support after necessary groundwork, Georgieva says - MSNVenezuela will likely get IMF loan support after necessary groundwork, Georgieva says  MSN

Repsol to raise Venezuela output under new deal - BNamericasRepsol to raise Venezuela output under new deal  BNamericas

The Venezuela Paradigm: Is Trump’s Model Intervention a Mirage? - International Crisis GroupThe Venezuela Paradigm: Is Trump’s Model Intervention a Mirage?  International Crisis Group

Maduro is gone. Venezuela is still waiting for meaningful change. - The Christian Science MonitorMaduro is gone. Venezuela is still waiting for meaningful change.  The Christian Science Monitor

IMF signals Venezuela loan if data and reforms advance - InvezzIMF signals Venezuela loan if data and reforms advance  Invezz

The easing of US bank sanctions against Venezuela gives Delcy Rodríguez a lifeline amid social unrest - EL PAÍS EnglishThe easing of US bank sanctions against Venezuela gives Delcy Rodríguez a lifeline amid social unrest  EL PAÍS English

US removes sanctions on Venezuela’s interim President Delcy Rodriguez - Al JazeeraUS removes sanctions on Venezuela’s interim President Delcy Rodriguez  Al Jazeera

International Monetary Fund restores ties with Venezuela in economic turning point - TribLIVE.comInternational Monetary Fund restores ties with Venezuela in economic turning point  TribLIVE.com

IMF Resumes Dealings with Venezuela After Seven-Year Suspension - Asianet NewsableIMF Resumes Dealings with Venezuela After Seven-Year Suspension  Asianet Newsable

OFAC Issues General Licenses Authorizing Venezuelan Certain Commercial and Banking Transactions - thompsonhinesmartrade.comOFAC Issues General Licenses Authorizing Venezuelan Certain Commercial and Banking Transactions  thompsonhinesmartrade.com

Venezuela: Trump Administration Issues Banking Licenses as Rodríguez Eyes ‘Long-Term’ US Energy Ties - VenezuelanalysisVenezuela: Trump Administration Issues Banking Licenses as Rodríguez Eyes ‘Long-Term’ US Energy Ties  Venezuelanalysis

Zelensky warns Belarus against joining war, cites Venezuela as cautionary example - MeduzaZelensky warns Belarus against joining war, cites Venezuela as cautionary example  Meduza

Where Venezuela Fury and her fiancé Noah are getting married, and how much it will cost - The TabWhere Venezuela Fury and her fiancé Noah are getting married, and how much it will cost  The Tab

Trump’s Venezuela Model Won’t Work for Cuba - The Jerusalem Strategic TribuneTrump’s Venezuela Model Won’t Work for Cuba  The Jerusalem Strategic Tribune

Adventure Awaits in Venezuela: 2026’s Ultimate Travel Destination for Extreme Sports Enthusiasts - Travel And Tour WorldAdventure Awaits in Venezuela: 2026’s Ultimate Travel Destination for Extreme Sports Enthusiasts  Travel And Tour World

IMF, World Bank resume ties with Venezuela after six-year freeze - Caliber.AzIMF, World Bank resume ties with Venezuela after six-year freeze  Caliber.Az

FirstFT: Venezuelan oil starts to flow - Financial TimesFirstFT: Venezuelan oil starts to flow  Financial Times

IMF and World Bank Restore Ties with Venezuela - RatopatiIMF and World Bank Restore Ties with Venezuela  Ratopati

US reopens embassy in Venezuela in significant thawing of relations - The GuardianUS reopens embassy in Venezuela in significant thawing of relations  The Guardian

Venezuela Seems to Be Going … Well? - The AtlanticVenezuela Seems to Be Going … Well?  The Atlantic

Venezuela Says IMF Resumes Ties after Years of Suspension - ????? ?????Venezuela Says IMF Resumes Ties after Years of Suspension  ????? ?????

IMF chief says ‘tough road’ to economic stability for Venezuela - Business RecorderIMF chief says ‘tough road’ to economic stability for Venezuela  Business Recorder

The IMF and the World Bank resume relations with Venezuela - Diari ARAThe IMF and the World Bank resume relations with Venezuela  Diari ARA

Venezuela Breaks Isolation as IMF Returns and Billions Hang in Balance - Sri Lanka GuardianVenezuela Breaks Isolation as IMF Returns and Billions Hang in Balance  Sri Lanka Guardian

Lionel Messi, Argentina sued for failing to appear in Venezuela friendly in Miami, violating $7 million agreement - Goal.comLionel Messi, Argentina sued for failing to appear in Venezuela friendly in Miami, violating $7 million agreement  Goal.com