The reform of the Organic Hydrocarbons Law reduced the National Assembly’s role in approving oil deals. At the same time, the technical terms of the agreement announced between Venezuela and the United States remain unpublished. Legal scholar Mariana Campos warns that parliamentary oversight has not disappeared; it must be exercised over implementation. Neirlay Andrade The […]
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Andrés Ramón Giuseppe Ávalo In conventional economic analysis, Venezuela and Ireland rarely appear in the same conversation. One is a European technology and pharmaceutical hub; the other is a Caribbean oil-producing nation recovering after years of acute economic collapse and severe international sanctions. Yet beneath their profound geographical and institutional differences lies a shared structural […]
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The Daily Journal.- The National Academy of Economic Sciences (ANCE) warned that full and formal dollarization of the Venezuelan economy could quickly curb inflation but would significantly limit the country’s economic policy tools. Instead, it proposed establishing a multi-currency or dual-currency regime. In a document released amid debate over officially adopting the U.S. dollar as […]
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First, Leticia helped her partner, Gabriel, find the body of his teenage daughter. But the two decided to continue living in a tent beside the ruins to help others. Vanessa Davies Leticia Alfonso left everything behind. Literally: she walked away from her job and her life to move into a tent beside the devastation that […]
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The mechanism means that Venezuela, “an impoverished country, is subsidizing a rich country like the United States,” the economist said Neirlay Andrade.— Venezuela could face a fiscal sacrifice of around US$6 billion under the terms of the new oil agreement with the United States, according to an estimate presented Tuesday by economist José Guerra, who […]
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Volunteers and contributions from businesses and individuals are helping sustain efforts to recover bodies and even protect properties affected by the June 24 earthquakes. Vanessa Davies Norbelis Martínez’s hands were slicing peppers with infinite patience this Wednesday, September 2. With a smile, she endured the sweltering 11:00 a.m. heat in Maiquetía. For Norbelis, the end—filling […]
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The Daily Journal.- The two powerful earthquakes that struck several regions of Venezuela on June 24 caused structural damage to homes, buildings and public spaces. Caracas, one of the hardest-hit cities after La Guaira, woke up to cracked walls and ceilings and buckled floors. More than two months after the earthquakes, thousands of families still […]
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Outfitting a child for the return to school can require an initial investment of between US$40 and US$60 The Daily Journal.- As the new school year approaches, Venezuelan families face one of the most significant back-to-school expenses: school uniforms. Between polo shirts, pants, and shoes, outfitting a student can take a considerable bite out of […]
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Listen to the editorial here: https://clyp.it/cfefjw40 Julio A. López, Editor-in-Chief.– Every investor needs precise and detailed information before committing resources, and in an industry as capital-intensive as hydrocarbons, having reliable data proves even more decisive. The enormous expectations that the 916 business opportunities announced by Venezuela have generated in the energy market have led us to […]
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Food production, power generation, and access to water could suffer if this phenomenon becomes extreme. Models indicate that it will. Vanessa Davies El Niño is no game. It never is under normal conditions, and much less so during this period, which promises to be fiercer than usual. Colloquially dubbed a Super El Niño, but defined […]
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