Small Strides

The Venezuelan government and opposition politicians agreed this week to create a United Nations-managed fund to finance programs for the country’s poor, as both sides are holding talks to resolve the ongoing crisis in the South American nation, the Associated Press reported. Signed in Mexico’s capital,...

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Getting Mushy

Leftist Colombian President Gustavo Petro met with his Venezuelan counterpart Nicolás Maduro in the Venezuelan capital of Caracas this week, the first bilateral talks between the two leaders as they seek to normalize relations after a three-year break between the two countries, the Associated Press...

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Open Arms

Colombia and Venezuela formally restored relations Monday, ending a three-year-long diplomatic impasse between the two neighboring countries, Bloomberg reported. The restart of relations comes less than a month after leftist Colombian President Gustavo Petro took office. Petro – the country’s first leftist leader – vowed to...

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Money For Nothing

The UK’s High Court ruled against the Venezuelan government over the weekend in a long-running case pitting President Nicolás Maduro’s regime against his rival, Juan Guaidó, for control of Venezuela’s gold reserves, Agence France-Presse reported. The case centers on demands from President Maduro’s government to...

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Here Come the Carrots

Venezuela’s government and opposition groups will restart stalled negotiations, an announcement made shortly after the United States said it would ease sanctions against the South American nation, NBC News reported. On Tuesday, the Biden administration said it would provide minor sanction relief in exchange for continued...

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The Big Shrug

Venezuela is planning to attract private investors to pump money into its essential but crippled state-run firms, a move analysts consider a major reversal after the country’s socialist government seized them years ago, the Associated Press reported. The government will begin offering five to 10 percent...

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