Venezuela’s Long Road to Recovery
Foreign Affairs • • world
Key Points:
- Venezuela's economy, once the worst-performing globally due to mismanagement under Maduro and Chávez and U.S. sanctions, is beginning to rebound following Maduro's removal and eased sanctions, with expectations of double-digit growth this year.
- Despite economic recovery prospects, political instability persists as the interim government led by Delcy Rodríguez lacks electoral legitimacy, undermining investor confidence and complicating debt restructuring and inflation control efforts.
- Sustainable recovery requires a political agreement between the government and opposition to establish stable economic policies, rebuild institutions, protect property rights, and ensure social protections, but longstanding political divisions pose significant challenges.
- The U.S. controls Venezuela's oil revenues post-Maduro, raising concerns about potential misuse and limiting benefits to Venezuela due to requirements to purchase American
