Venezuela
Miguel Gutierrez/European Pressphoto Agency
Venezuela’s economy is dominated by the oil industry, and it has the largest proven reserves of crude oil in the world. President Hugo Chavez, who was elected in 1998 on a populist platform, consolidated state control over the economy and nationalized its telephone and electricity companies. Chavez was succeeded upon his death by his vice president, Nicolas Maduro, who was elected president in 2013.
President Maduro’s government has faced ongoing protests and civil unrest since the beginning of 2014. There are growing signs that Maduro’s support in the region is dwindling, as neighboring countries have expressed concern about his government’s response to the crisis, including the aggressive treatment of protesters.
Scroll below to learn more about Venezuela using our article archive and chronology of breaking news.
CHRONOLOGY OF COVERAGE
MAY. 6, 2015
Venezuela's complex currency system has caused fraud by importers, who drastically inflate value of goods brought into country; they sometimes fake shipments entirely and import nothing; officials say tens of billions of dollars needed for imports have been lost from treasury; corruption has left economy in tatters. MOREAPR. 27, 2015
Antonio Ledezma, jailed mayor of Caracas, Venezuela, has been transferred from prison to private hospital for hernia operation; faces charges of conspiring against Pres Nicolas Maduro's government, and has been held in military prison pending trial. MOREAPR. 11, 2015
Editorial acknowledges that Obama administration's policy shift toward Cuba has created potential for renewed engagement with Latin American countries at Summit for the Americas; suggests other steps Obama could take to further improve United States' standing in region; calls for US to facilitate imports of natural gas to region and to mend ties with Brazil; urges Obama to reiterate to Venezuelan Pres Nicolas Maduro that he is not planning military action there. MOREAPR. 9, 2015
Thomas A Shannon Jr, top adviser to Sec of State John Kerry, visits Venezuelan Pres Nicolas Maduro in effort to repair relations between countries ahead of the Summit of the Americas meeting. MOREAPR. 8, 2015
Benjamin J Rhodes, deputy national security adviser for strategic communications, says Venezuela does not pose threat to United States; statement downplays comments made in executive order signed by Pres Obama alleging that Venezuela is threat to national security. MORE
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