Help us to disseminate news On Venezuela



Venezuela bondholders inch toward showdown

Monday, April 23, 2018

Venezuela's collapse one of the worst in modern history:IMF


With an expected contraction of 15 percent this year, and 45 percent over the last five years, the collapse ranks among the most extreme of the past half-century, said Alejandro Werner, director of the IMF's Western Hemisphere Department. "It is one of the worst economic crises we have seen in modern economic history," Werner told reporters. The country also faces hyperinflation, with prices expected to rise 13,000 percent, he said during the spring meetings of the IMF and World Bank in Washington. The oil-rich nation has seen a "spectacular" drop in crude production falling by half in the last 18 months, he said, which is a major problem for the cash-poor economy. More…

Friday, April 20, 2018

U.S. says governments to increase pressure on Venezuela


The United States and a group of other nations have agreed to boost cooperation to deny “corrupt” Venezuelan officials and their support networks access to the international financial system, U.S. Treasury Secretary Steven Mnuchin said on Thursday. “Concrete actions are necessary to restrict the ability of corrupt Venezuelan officials and their support networks from abusing the international financial system,” Mnuchin said in a statement issued after a meeting on the sidelines of the International Monetary Fund and World Bank spring meetings in Washington. More…

US officials: 16 nations agree to track Venezuela corruption


Finance ministers from several Latin American nations as well as the U.S. and Europe have agreed to work jointly to locate and seize the proceeds arising from corruption by Venezuelan government insiders, two U.S. Treasury officials said Thursday. The decision came at a Washington meeting earlier in the day attended by Treasury Secretary Steven Mnuchin at which the finance officials from 16 nations also discussed ways to provide swift economic and humanitarian assistance to Venezuela, including substantial debt relief, in the event socialist President Nicolas Maduro is replaced by a government they deem more legitimate and committed to economic reform. The two officials agreed to talk about the meeting only if not quoted by name because the discussions were to be private. Officials from France, Germany, Britain, Japan and all major Latin American nations participated in the meeting, which took place on the sidelines of the International Monetary Fund's spring meetings. More…



EU warns Venezuela of further sanctions if democracy undermined


The European Union said on Thursday (April 19) it could impose further sanctions on Venezuela if it believes democracy is being undermined there, after the South American country's President called for elections next month that the main opposition has said it will boycott. EU foreign affairs chief Federica Mogherini said in a statement she regretted the way the authorities under President Nicolas Maduro had called the May 20 presidential elections without a consensus on the "conditions for a credible and inclusive electoral process". In response, Venezuela's Foreign Ministry said in a statement: "The European Union and its member states show their regrettable subordination to the opinions of the US government." More…

Venezuela Police Attack Patients & Doctors at Hospital Shortages Protest


Police charged against patients and doctors protesting outside the headquarters of the Health Ministry in Caracas Wednesday to the shout of ”Genocidas!”. That’s “genocide perpetrators” in Spanish. Minister Luis Lopez refused to meet with a delegation of demonstrators. Similar events took place all over Venezuela, in what seems to signal the beginning of a new cycle of protests against the rule of unpopular leader Nicolas Maduro. Already, local social conflict NGO “OVCS” reports there has been a 93% increase in the number of protests recorded, year on year, with 26 anti-government demonstrations being held every day nationwide. “OVCS” said that, on Wednesday, there were protests regarding the health crisis in all of Venezuela’s 23 states. More…