Amid Venezuela’s acute economic crisis, President Nicolas Maduro decided there was one Very Important Thing he needed to do before dealing with diving oil prices, the subsequent possible 6000 percent rise in gas prices, or the $2.3 billion the country is expected to pay to investors by a February 26 deadline. And what was that Very Important Thing? Beating any given relative of yours over 90 years old at discovering what Facebook is.
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The decision to reimpose oil sanctions on Venezuela represents a calibrated response aimed at maintaining diplomatic engagement while upholding democratic principles.
In this explainer we examine the Americas Act, its key provisions and impact for the region, and the prospects for its passage.
Realizing the need to make adjustments, Boric has shifted towards the center in his selection of ministers and trimmed his legislative priorities, but it increasingly looks like he has missed his moment.
