Enrique Márquez defends phased transition and highlights U.S. role

The Daily Journal.- Political leader Enrique Márquez returned to the public spotlight on Thursday to defend the “stabilization, recovery and transition” roadmap that the United States has promoted for Venezuela. The former political prisoner acknowledged that Washington is overseeing the process and rejected criticism from those who consider the timetable “too slow.” During the presentation […]

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Proceeds from gold held in London will go into a U.S. Treasury account under audit

The Daily Journal.— The release of Venezuela’s international reserve assets in gold held at the Bank of England will depend on the implementation of international audits and the transfer of the proceeds to a U.S. Department of the Treasury account, Ramón López, a delegate from the 2015 National Assembly, said in an interview with a […]

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Opacity and endless debt

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, […]

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ABC: U.S. Congress investigates fund managing Venezuelan oil revenue

The Daily Journal. — The U.S. Government Accountability Office (GAO) has launched an investigation into the fund through which the Donald Trump administration manages revenue generated from Venezuelan oil exports. Representatives Joaquín Castro and Sean Casten, along with Senators Chris Van Hollen and Tim Kaine, requested the investigation. They are seeking information about the accounts […]

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Editorial | Unity without impunity

Juan Barreto, Bureau Chief Venezuela & LATAM. — Tragedy once again reminds us that nature has no ideology, but residential areas and construction materials certainly do. Today, thousands of our fellow citizens have lost their homes in working-class neighborhoods and middle-class communities alike. Fragile homes in areas that already faced serious risks now lie torn […]

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Venezuela’s oil development will depend on political stability, experts say

EFE — Venezuela’s oil sector development following the opening to foreign investment promoted by the United States will depend largely on political stability in the South American country, several economic experts told EFE on Monday after participating in a forum at the Andrés Bello Catholic University (UCAB). Economist Luis Zambrano Sequín argued that no one […]

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