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The Bolivarian Republic of Venezuela is a federation made up of twenty-three states (Spanish: estados), a Capital District (Spanish: Distrito Capital) and the Federal Dependencies (Spanish: Dependencias Federales), which consist of many islands and islets in the Caribbean Sea. [1]
In 2018, Venezuela's debt grew to US$156 billion [310] and as of March 2019, its reserves had dropped to US$8 billion. [311] With the exception of PDVSA's 2020 bonds, [312] as of January 2019, all of Venezuela's bonds are in default, [313] and Venezuela's government and state-owned companies owe nearly US$8 billion in unpaid interest and ...
Venezuela’s president ordered the creation of a new state called “Guayana Esequiba” on Tuesday, following a controversial Sunday referendum which saw Venezuelan voters approving the ...
In 1830, José Antonio Páez declared Venezuela independent from Gran Colombia and became president, taking office on January 13, 1830. Although he was not the first president of Venezuela (having in mind Cristóbal Mendoza in 1811), he was the first head of state of independent Venezuela, after the dissolution of Gran Colombia.
Venezuela is a presidential republic consisting of 23 states, the Capital District and federal dependencies covering Venezuela's offshore islands. Venezuela is among the most urbanized countries in Latin America; [22] [23] the vast majority of Venezuelans live in the cities of the north and in the capital.
Venezuela elects at a national level the President of Venezuela as head of state and head of government and a unicameral federal legislature. The President of Venezuela is elected for a six-year term by direct election plurality voting and is eligible for re-election since the 2009 Venezuelan constitutional referendum ) The National Assembly ...
In September 2023, Guyana granted drilling licenses in the disputed waters. In December 2023, Venezuela held a referendum of its people asking whether the region should become a state of Venezuela and its population become citizens, among other questions. Although the turnout was reported to be low, the Venezuelan government declared that the ...
The Miraflores Palace is the seat of the Venezuelan Government, where the official office of the President of Venezuela is located. The president decides the size and composition of the cabinet and makes appointments to it with the involvement [clarification needed] of the National Assembly. There are currently 33 ministries and one state ministry.