Economy Archives - Page 2 of 5

“With these starvation pensions, we don’t even know how we’re supposed to eat”: IVSS retirees call for action as the Bolívar continues to fall

July 31, 2026July 31, 2026Tatiana Da GamaLeave a Comment

“With these starvation pensions, we don’t even know how we’re supposed to eat,” stressed the vice president of the National Union of Retired Workers of the Venezuelan Social Security Institute (IVSS). By Vanessa Davies Carlos Julio Rivera, vice president of the National Union of Retired Workers of the Venezuelan Social Security Institute (IVSS), says he […]

Trump confirms U.S. has received more than $13 billion from Venezuela

July 28, 2026July 28, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — U.S. President Donald Trump said the United States has received more than $13 billion from Venezuela since the military operation on January 3, when U.S. forces captured Nicolás Maduro and took control of the country’s political leadership. Speaking to reporters aboard Air Force One, Trump argued that the funds obtained from […]

Venezuela’s creditors expand committee amid expectations of debt restructuring

July 28, 2026July 28, 2026Tatiana Da GamaLeave a Comment

the long-awaited negotiations over what could become the largest sovereign debt restructuring in more than a decade. More than 15 investment funds have joined the Venezuela Creditors Committee since the United States captured former President Nicolás Maduro in early January, according to a person familiar with the matter. The arrival of new investors has strengthened […]

U.S. Treasury eases financial controls on reconstruction-related operations

July 28, 2026July 28, 2026Tatiana Da GamaLeave a Comment

EFE — The U.S. Department of the Treasury announced on Monday a temporary easing of certain financial oversight measures to allow U.S. institutions to facilitate authorized transactions related to Venezuela’s economic recovery and humanitarian assistance following the country’s recent earthquakes. Under the measure, the Treasury said the Financial Crimes Enforcement Network (FinCEN) will not take […]

Only 25% of businesses in La Guaira remain standing after the earthquakes

July 23, 2026July 23, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — The recent earthquakes dealt a devastating blow to the productive sector in La Guaira. Of the 7,000 businesses that operated across the state before the disaster, only 1,752 establishments—or 25%—remain standing, according to preliminary results from the first phase of the commercial census presented by Governor José Alejandro Terán. During a […]

Venezuela gains access to $346 million from the IMF for post-Earthquake reconstruction

July 18, 2026July 18, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Acting President Delcy Rodríguez announced on Friday that Venezuela has secured an initial $346 million from its own funds held at the International Monetary Fund (IMF) following the emergency caused by the twin 7.2 and 7.5 magnitude earthquakes that struck the country’s northern region on June 24. “Following the devastating twin […]

Oil production reaches 1.2 million barrels per day

July 14, 2026July 14, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Venezuela’s Acting President Delcy Rodríguez said on Monday that the economic impact of the June 24 earthquakes remained “localized” and stated that the country’s main sources of revenue continue to grow, including oil production, which she said has reached 1.2 million barrels per day. Speaking at a National Economic Council meeting […]

Inflation doubles in June, reaches 13.8%

July 13, 2026July 13, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Inflation in Venezuela reversed its slowdown in June, returning to double-digit monthly levels, according to figures from the National Consumer Price Index (NCPI). The index recorded a 13.8% increase in the sixth month of the year, more than double the 6.3% posted in May. The rebound ended four consecutive months of […]

Rules Determine Who Takes Advantage of the Opportunities

July 11, 2026July 11, 2026Valeria OlivaresLeave a Comment

Listen to the audio of the Editorial Summary here: https://clyp.it/mdkelqzu Julio A. López, Editor-in-Chief. — Geology does not write checks, drill wells, or rebuild pipelines. Venezuela has oil and gas, including known oil and gas fields. The problem lies in converting that geological wealth into financeable projects, production, employment, taxes, and infrastructure. The legal reform opened […]

Reconstruction exceeds Venezuela’s fiscal capacity, José Guerra warns

July 11, 2026July 11, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Rebuilding the areas devastated by the June 24 earthquakes exceeds the Venezuelan government’s fiscal capacity and will require the country to secure extraordinary sources of financing to cover an investment that could reach $15 billion, economist José Guerra said. The former congressman argued that the deterioration of public finances prevents the […]