Venezuelan economy Archives - The Daily Journal

Acting government submits 2027 budget and borrowing bills to Parliament

October 16, 2026October 16, 2026Tatiana Da GamaLeave a Comment

Delcy Rodríguez’s administration also submitted the National Annual Operating Plan. The parliamentary committees on Economy, Finance, and Oversight will review the proposals. The Daily Journal.- Venezuela’s acting government submitted the national budget, borrowing, and operating plan proposals for fiscal year 2027 to the National Assembly on Wednesday. Sectoral Vice President for Planning Ricardo Menéndez presented […]

Venezuela presents IMF with economic roadmap centered on oil and mining

October 15, 2026October 15, 2026Tatiana Da GamaLeave a Comment

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 […]

Juan Barreto asks who will be “the new RECADI Chinito” amid secrecy surrounding business deals in Venezuela

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

The political leader questioned the lack of transparency surrounding transactions under the Anti-Blockade Law and warned of the risk of repeating corruption schemes involving public resources. The Daily Journal.- Political leader Juan Barreto raised the question of who might become “the new RECADI Chinito,” referring to the growing number of business deals and transactions that, […]

IMF projects 5% GDP growth and 467.9% inflation in Venezuela in 2026

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

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, […]

Trump’s cards in Venezuela: Economics and politics. María Corina? A negotiated transition?

October 5, 2026October 5, 2026Tatiana Da GamaLeave a Comment

Since January 3, Venezuela’s political and economic cards have been reshuffled. The cards in play are gradually being revealed on boards that are constantly changing. José Gregorio Yépez In Venezuela, the Trump administration is playing its cards cautiously. It is sending signals that seem contradictory and fall outside the expectations of those who bet on […]

Ernesto Paraqueima proposes keeping oil royalties in producing states

September 29, 2026September 29, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Former political prisoner and former mayor of the Simón Rodríguez municipality in Anzoátegui state, Ernesto Paraqueima, proposed that royalties from oil production in Venezuela should remain in producing states and advocated for greater decentralization of resources as part of a proposal aimed at moving toward a federal model. “Royalties from oil production […]

The London Consensus and Venezuela: keys to a new economic model

September 24, 2026September 24, 2026Tatiana Da GamaLeave a Comment

The London Consensus advocates a strong state, influential labor unions, and well-being as a central priority. As Venezuela transitions, this framework offers a roadmap to overcome the inherited collapse and avoid repeating past mistakes. The Daily Journal.- Following the events of January 3, 2026, when U.S. forces removed President Nicolás Maduro, and the recent oil […]

“It will happen”: IMF confirms plans to open office in Venezuela

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

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 […]

Delcy Rodríguez meets with IDB President in New York

September 22, 2026September 22, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— Venezuelan President Delcy Rodríguez held a bilateral meeting on Monday with Inter-American Development Bank (IDB) President Ilan Goldfajn in New York City. The meeting took place on the sidelines of the 81st session of the United Nations General Assembly (UNGA). According to official information, the meeting primarily aimed to explore mechanisms for […]

Delcy Rodríguez meets with IMF Managing Director on the sidelines of UN General Assembly

September 22, 2026September 22, 2026Tatiana Da GamaLeave a Comment

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 […]