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It is the worst economic crisis in Venezuela's history, and the worst facing a country in peacetime since the mid-20th century. The crisis is often considered more severe than the Great Depression in the United States, the 1985–1994 Brazilian economic crisis, or the 2008–2009 hyperinflation in Zimbabwe. [5]
An October 2020 report published by the Washington Office on Latin America (WOLA) by Venezuelan economist Luis Oliveros found that "while Venezuela's economic crisis began before the first U.S. sectoral sanctions were imposed in 2017, these measures 'directly contributed to its deep decline, and to the further deterioration of the quality of ...
The 2024–2025 Venezuelan political crisis is the ongoing crisis in Venezuela that was aggravated after the 2024 Venezuelan presidential election results were announced. [ 1 ] [ 2 ] [ 3 ] The 2024 election was held to choose a president for a six-year term beginning on 10 January 2025.
The election and protests occurred amid the Venezuelan crisis – ongoing since 2010 – which resulted in the largest peacetime exodus in history culminating in 7.7 million refugees in the Venezuelan diaspora from the Venezuelan refugee crisis according to the United Nations High Commissioner for Refugees.
There was censorship and media control during the Venezuelan presidential crisis between 2019 and January 2023.. A crisis concerning who was the legitimate president of Venezuela began on 10 January 2019, when the opposition-majority National Assembly declared that incumbent Nicolás Maduro's 2018 reelection was invalid and the body declared its president, Juan Guaidó, to be acting president ...
States of emergency of Venezuela are sometimes declared. They were declared once in 2015 due to the 2015 Colombia–Venezuela migrant crisis , and again in May 2016 by the president Nicolás Maduro who suggested that there had been a plot to overthrow the Venezuelan government.
During the crisis in Venezuela, the United States applied sanctions against specific Venezuelan government entities and individuals associated with the administration of Nicolás Maduro, along with sanctions applied by the European Union, Canada, Mexico, Panama and Switzerland. Through April 2019, the U.S. sanctioned more than 150 companies ...
6 January – Venezuela breaks off diplomatic relations with Paraguay after the latter's president Santiago Peña recognizes Edmundo González Urrutia as president-elect of Venezuela. [ 3 ] 9 January – Opposition leader María Corina Machado is arrested by government security forces after leaving a rally in Caracas .