VENEZUELA
Analysts
Ruth Krivoy
Former Central Bank President
Tamara Herrera
Former Advisor, Banking Industry AssociationDatabanks
Recent Country Insights
NABEP: Washington and Caracas’ oil bet
VENEZUELA · Report · 14 Sep 2026
The U.S.-Venezuela agreement centered on North American Blue Energy Partners (NABEP) seeks to turn the revival of Venezuela’s oil industry into a quick political success for both governments. President Trump’s political objectives are the main driver and cornerstone of the agreement: it could ...
Washington decides the course, Caracas negotiates the pace
VENEZUELA · Report · 25 Aug 2026
After the earthquakes, the country returns to a "new normal" under more pressure to accelerate change — though the relevant actors understand "change" quite differently. The negotiating table between the 2015 National Assembly delegation and the Rodríguez government, represented by the 2025 Na...
Closing the gap bears a cost in inflation and forex
VENEZUELA · Report · 19 Aug 2026
July laid bare the tradeoff facing the Central Bank of Venezuela (BCV): narrowing the exchange rate gap inevitably comes at an inflation cost and requires abundant foreign currency. The official exchange rate depreciated 18.2 percent, while monthly inflation accelerated to 19.9 percent, confir...
Webinar replay - Venezuela: The road ahead
VENEZUELA · Report · 31 Jul 2026
After Venezuela was shaken by twin earthquakes, bringing a tragic loss of life and destruction, the country must rebuild and try to move forward. How are recovery and reconstruction efforts proceeding? What are the economic and political ramifications for the country? How is Venezuela faring on o...
Upcoming webinar - Venezuela: The road ahead
VENEZUELA · Report · 29 Jul 2026
Time: 10:00 AM EDT After Venezuela was shaken by twin earthquakes, bringing a tragic loss of life and destruction, the country must rebuild and try to move forward. How are recovery and reconstruction efforts proceeding? What are the economic and political ramifications for the country? How is...
Earthquakes expose the extent of U.S. oversight
VENEZUELA · Report · 28 Jul 2026
Since January 3, Delcy Rodríguez’s interim government has operated under an arrangement by which Washington retains strategic decision-making authority and control over oil revenues, while Rodríguez runs the government with autonomy limited to non-strategic areas. The June 24 earthquakes put t...
Double shock: Earthquake emergency and lower oil revenue
VENEZUELA · Report · 21 Jul 2026
The twin earthquakes of June 24 altered the macroeconomic landscape just as the Central Bank of Venezuela (BCV) was beginning to experiment with a new exchange rate regime. Reconstruction will increase public expenditure needs at a time when deteriorating oil revenue reduces the room to finance t...
Delcy Rodríguez’s first major test
VENEZUELA · Report · 04 Jul 2026
The June 24 earthquakes are Delcy Rodríguez’s interim government’s first major operational test since assuming power in January of this year. The response has been opaque, slow, and heavily dependent on U.S. military and humanitarian cooperation, more visible than the Venezuelan Armed Forces them...
Economic impact of the earthquakes
VENEZUELA · Report · 02 Jul 2026 · 2 responses
The double earthquake of June 24, 2026, intensifies Venezuela’s economic crisis. The disaster struck a country with no fiscal space, no access to international financing, an electricity system operating at its limit, a fragile exchange rate regime, and a fractured payment system. It multiplies ex...