Venezuelan economy Archives - Page 2 of 4

The inequality of phantom growth: why Venezuela and Ireland suffer from the same macroeconomic mirage

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

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 […]

National Academy of Economic Sciences warns of dollarization costs and proposes multi-currency regime

September 12, 2026September 12, 2026Tatiana Da GamaLeave a Comment

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 […]

New Colombian ambassador proposes buying Venezuelan gas and returning part of it as electricity

September 10, 2026September 10, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— Colombia’s new ambassador to Venezuela, Jorge Jaller, proposed that Colombia purchase Venezuelan natural gas to generate electricity and return part of the power to its neighboring country as part of a broader strategy to promote economic integration between the two nations. Jaller outlined the proposal in an interview with El Colombiano, where […]

José Guerra estimates the ‘fiscal sacrifice’ of the new oil agreement with the U.S. at $6 billion

September 8, 2026September 8, 2026Tatiana Da GamaLeave a Comment

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 […]

Venezuela will lose at least $500 million a year under U.S. oil deal

September 8, 2026September 8, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — Economist Francisco Rodríguez questioned the financial structure of the agreement signed with the United States to develop 17 Venezuelan oil fields. He warned that, based on the terms publicly presented so far, Venezuela would hand over strategic assets and supply crude oil under preferential terms without receiving guarantees in return. In […]

OFAC expands authorizations for trade and investment in Venezuelan gold and minerals

September 3, 2026September 3, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued three new general licenses on Wednesday that expand authorized operations in Venezuela’s coal, gold and other mineral sectors, opening the door to trade, technology supplies and negotiations for future investments. The measures, identified as General Licenses 51D, 54C and […]

Fiscal concerns and lack of transparency shape economists’ debate over U.S.-Venezuela oil deal

September 1, 2026September 1, 2026Tatiana Da GamaLeave a Comment

The Daily Journal – The announcement of the oil agreement between Venezuela’s Acting President Delcy Rodríguez and U.S. President Donald Trump has sparked widespread debate among the country’s economists. Unlike the critical consensus among former oil ministers, economic experts have expressed a broader range of views, from deep fiscal skepticism to cautious optimism and open […]

Editorial | What do those who sign actually affirm?

September 1, 2026September 1, 2026Tatiana Da GamaLeave a Comment

Dr. Juan Barreto, Director of The Daily Journal for Venezuela and Latin America.— The week begins with plenty of movement on the oil front. On the one hand, this Friday, U.S. President Donald Trump announced on his social media platform that he had signed an oil agreement with Venezuela’s acting president, Delcy Rodríguez, calling it […]

Venezuelan startup raises US$1 million in seed funding

August 26, 2026August 26, 2026Tatiana Da GamaLeave a Comment

Fina raised seed funding from investors in the United Kingdom, the U.S., Chile and Brazil to expand its platform across Venezuela The Daily Journal.- Venezuelan startup Fina, which focuses on digitalizing small and medium-sized businesses, raised US$1 million in a seed funding round to support its expansion in the domestic market. International funds participating in […]

Venezuela raises oil production to 1.23 million barrels per day

August 26, 2026August 26, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Venezuela’s oil production has surpassed 1.23 million barrels per day (bpd), reaching its highest level since February 2019, acting President Delcy Rodríguez reported. “Amid the emergency, our oil production did not stop. Today, it exceeds 1.23 million barrels per day, its highest level since February 2019,” Rodríguez said in an address to […]