Issued on: 18/02/2022 – 16:27
An oil producer onerous hit by the stoop in international costs, Venezuela has seen its financial system step by step deteriorate over the previous decade, with worldwide financial sanctions aggravating the disaster. The late former president Hugo Chavez, in energy from 1999 to 2013, needed to make his nation the house of “twenty first century socialism”. However regardless of this promise to eradicate inequality, essentially the most susceptible appear in a extra precarious scenario than ever. Nonetheless, some financial indicators have lately improved. To take inventory of the scenario, our staff studies from Caracas, a capital the place cameras usually are not all the time welcome.