Understanding Venezuela's Economic Collapse and the Urgent Need for Reform
Venezuela's Ongoing Crisis
Venezuela is currently experiencing a profound socio-economic meltdown characterized by hyperinflation, violent crime, and food shortages. These challenges have contributed to the exodus of nearly six million citizens seeking better prospects abroad.
The Political Landscape
- President Nicolás Maduro has consolidated power, undermining democratic checks and balances.
- His regime's moves have prompted U.S. and allied interventions aimed at displacing him and installing an interim president.
The Road Ahead
Resolving the political crisis necessitates a negotiated restoration of legitimate state institutions and urgent economic reforms. Crisis Group's initiative to engage national and international stakeholders is essential for building momentum for negotiation, enhancing human rights protections, and restoring the rule of law.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.