U.S. Allows Venezuela to Hire Advisors for Debt Negotiations
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) issued General License 38 on Tuesday, opening a pathway for the restructuring of Venezuela’s sovereign debt.
Economy
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Venezuela activates a commission to review and reorganize its public assets amid economic opening plans
The administration of Delcy Rodríguez launched this Wednesday the Special Commission for the Evaluation and Classification of Public Assets, a body tasked with reviewing the full range of state-owned assets with the aim of reorganizing them under criteria of efficiency, productivity, and economic utilization.
The IMF and the World Bank return to Venezuela: from ideological divorce to financial reintegration
The International Monetary Fund and the World Bank are resuming relations with Venezuela after a period of ideological confrontation since 2006 and the non-recognition of these organizations by the government since 2019.
OFAC authorizes transactions with the BCV: What do the latest licenses mean for Venezuela?
The U.S. Department of the Treasury has issued two general licenses that could help reintegrate Venezuela into the international banking system and allow foreign contractors to enter the country.
Chevron, Shell and Venezuela agree on an unprecedented energy asset swap
Energy giants Chevron and Shell are strategically positioning themselves to maximize opportunities in Venezuela following a largely unprecedented asset swap involving government participation.
How are new investments in hydrocarbons advancing in Venezuela?
Venezuela’s hydrocarbon sector is undergoing a phase of reactivation marked by a sustained increase in exports to the United States, the gradual return of interest from major international oil companies, and an intense diplomatic agenda aimed at unlocking energy projects. However, this renewed dynamism coexists with regulatory delays, unresolved disputes, and a still fragile financial environment that conditions the real pace of investment.
The keys to Delcy Rodríguez’s announcement: A “great shift” toward a new economic model?
In an extensive address to the nation, acting president Delcy Rodríguez outlined a roadmap for income recovery, state asset management, and foreign exchange stabilization following the capture of Nicolás Maduro in January, emphasizing what she described as a major economic shift.
On the eve of May 1st, Venezuela awaits decisions on salary adjustments
Just under a month before the upcoming May 1st, Workers’ Day, expectations are growing regarding possible adjustments to labor income in Venezuela.
Recovering the Electrical Grid: The Key to Venezuela’s Economic Growth
The Venezuelan electrical system has positioned itself as one of the most sensitive axes in the conversation between the State and the private sector, amid attempts to reactivate the national economy.
Curiosity, Risk, and Vision: What We Know About Foreign Investors Interested in Venezuela
The opening of strategic sectors and Venezuela’s repositioning on the global map after January 3 have caught the attention of international investors seeking high returns, difficult to find in other markets.