Wednesday April 1, 2020

Saving Venezuela

Venezuela was once the pride and democratic example of Latin America. It can be that once again: a free, stable, and productive country, where citizens live in safety and peace – but only if the international community provides support in at least three key areas

29th August, 2019
Demonstrators protest against the government of Nicolás Maduro on the Main avenue of Las Mercedes (Photo by Edilzon Gamez/Getty Images)

Venezuela remains in free fall. Home to the world’s largest proven oil reserves and once Latin America’s wealthiest country, it is now ravaged and suffering complete economic collapse. GDP has fallen 54% from its 2013 peak, the second largest drop recorded in modern history, estimates the Institute for International Finance.

With inflation at an eye-popping 10,000,000% this year, according to the International Monetary Fund, and the minimum monthly wage below $3, a large...

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