The Daily Journal.- Venezuela’s Vice President for Economic Affairs, Calixto Ortega, presented the country’s economic roadmap on Wednesday during a discussion in Bangkok on the sidelines of the International Monetary Fund (IMF) and World Bank annual meetings. The plan focuses on the oil and mining extractive industries. Ortega, a former president of the Central Bank […]
Continue Reading
The IMF expects Venezuela’s GDP to grow by 7% in 2027, while average annual inflation will decline to 174%. The Daily Journal.- The International Monetary Fund (IMF) projects that Venezuela’s economy will grow by 5% in 2026 and 7% in 2027. However, the organization expects inflation to reach 467.9% by the end of this year, […]
Continue Reading
The Daily Journal.- Former Caracas Mayor Juan Barreto proposed redirecting part of Venezuela’s military spending, which he claims remains beyond public scrutiny, toward funding teachers’ salaries, retirees’ benefits, and educational programs. During his program No es Podcast Cosa, Barreto questioned the growth of what he described as “opaque” military spending and suggested allocating those resources […]
Continue Reading
The economist warns that the process must begin with a forensic audit of liabilities. The scale and diversity of creditors will require a combination of traditional instruments and mechanisms linked to economic and fiscal performance. Neirlay Andrade Venezuela faces the challenge of restructuring an external debt whose size, composition, and creditor diversity make the process […]
Continue Reading
Kristalina Georgieva confirmed the decision after meeting with Delcy Rodríguez in New York The Daily Journal.- International Monetary Fund (IMF) Managing Director Kristalina Georgieva confirmed Monday that the organization will open an office in Venezuela during the first half of 2027, establishing a permanent presence in the country. Georgieva announced to Bloomberg News after meeting […]
Continue Reading
The Daily Journal.— Venezuelan President Delcy Rodríguez held a bilateral meeting on Monday with International Monetary Fund (IMF) Managing Director Kristalina Georgieva on the sidelines of the 81st United Nations General Assembly in New York. The meeting took place in a cordial diplomatic atmosphere. It primarily aimed to resume discussions that the two leaders initiated […]
Continue Reading
Venezuela faces more than US$240 billion in debt, equivalent to 216% of its GDP, according to Bloomberg reports The Daily Journal.- Venezuela’s debt continues to grow as the government of Acting President Delcy Rodríguez prepares a comprehensive restructuring of the country’s external obligations. According to Bloomberg, a new arbitration award in favor of U.S. insurer […]
Continue Reading
The Daily Journal.— Venezuela continues to record the world’s highest inflation rate in 2026, and according to economist Manuel Sutherland, the expansion of the monetary base represents one of the main factors driving the acceleration in prices. In his latest analysis, Sutherland estimates that Venezuela’s year-on-year inflation reached 576% between July 2025 and July 2026, […]
Continue Reading
The Daily Journal – Venezuelan Foreign Minister Félix Plasencia and his Spanish counterpart, José Manuel Albares, spoke by phone on Sunday. The conversation focused on bilateral issues and potential areas of cooperation as Venezuela moves through its reconstruction phase following the June 24 earthquakes. “Today I held a cordial and productive call with Spain’s Minister […]
Continue Reading
By Dr. Juan Barreto, Director of The Daily Journal for Venezuela and Latin America Many are talking—or choosing not to talk—about Venezuela’s external debt. International agencies such as Reuters, Bloomberg, and several British financial publications place the country’s debt at an astronomical $240 billion, while other voices in the economic community, such as Miguel Rodríguez, […]
Continue Reading
