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Prospects for Venezuela in 2023

Friday, November 25, 2022

Subject

Prospects for Venezuela in 2023.

Significance

Economic recovery will be the government’s key focus ahead of a presidential election scheduled for early 2024. The outlook for US-Venezuelan bilateral ties is positive, with diplomatic improvement influenced by regional and global political shifts. Addressing Venezuela’s political conflict, and negative fallouts such as the migrant crisis and oil sanctions, will be facilitated by left-of-centre regional partners, the results of the US midterms and the urgency of economic reactivation for President Nicolas Maduro.

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