GlobalSource Partners | Country Insights

María Corina Machado’s arrival in Venezuela accelerates the process toward a change of government. Organizing elections and the necessary overhaul of the electoral authorities have moved from vague milestones to the center of the conversation, and could give business activity a boost. U.S. pre...

Disinflation put to the test

VENEZUELA · Report · 20 Oct 2026

September showed that monetary restraint can contain exchange rate pressures even as the official supply of foreign currency declines. Monthly inflation slid to 8.4 percent from 8.9 percent in August, as slower public spending growth and tighter monetary conditions curbed demand for dollars and n...

Stability: Work in progress

VENEZUELA · Forecast · 13 Oct 2026

Three shocks have shaped 2026. The January 3 rupture unlocked higher oil revenues under U.S. oversight. War in the Middle East drove oil prices higher. And the June 24 earthquakes killed more than 6,500 people and caused an estimated $14.8 billion in losses. The economy is more stable than it was...

Legitimacy abroad, impatience at home

VENEZUELA · Report · 30 Sep 2026

The UN General Assembly was the stage where Delcy Rodríguez introduced the world to her alliance with the Trump administration and, above all, to her first political manifesto. In language free of ideological markers, Rodríguez outlined a transition “from within,” led through existing institution...

Less foreign exchange, more pressure

VENEZUELA · Report · 15 Sep 2026

August brought a pause in the inflation acceleration of June–July, but it did not dispel the fragility of the foreign exchange balance. Monthly inflation fell to 9 percent from 20 percent in July, in line with slower depreciation of the official exchange rate and the seasonal moderation in fiscal...

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...

Oil tailwind switches course

VENEZUELA · Report · 23 Jun 2026 · 1 response

The reopening of the Strait of Hormuz has changed our outlook. The extraordinary oil windfall that sustained foreign exchange inflows during the first half of 2026 is starting to move in reverse, prompting us to revise our inflation and depreciation forecasts upward for the second half of this ye...