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'Perfect storm' of Venezuela risks surround COVID-19

Wednesday, April 8, 2020

Significance

Washington is increasing pressure on President Nicolas Maduro at a time of heightened vulnerability for both the Venezuelan government and people. It is a risky strategy on political and public health grounds.

Impacts

  • The US ‘carrot and stick’ approach is contradictory and encourages Maduro and his officials to hunker down.
  • Without agreement on humanitarian aid or the lifting of US sanctions, Venezuelans face grave health risks.
  • Falling remittances will deal a new blow to the tottering economy.

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