Will Sunday’s elections bring economic relief and reform to Venezuela? - News Summed Up

Will Sunday’s elections bring economic relief and reform to Venezuela?


Venezuelan citizens cross the Simon Bolivar international bridge from San Antonio del Tachira in Venezuela to Norte de Santander province of Colombia. (George Castellanos/AFP/Getty Images)With the May 20 election fast approaching, Venezuelans are dealing with one of the worst economic depressions in Latin American history. The opposition is divided between supporters of former Chavista Henri Falcón — and election boycotters who doubt that Sunday’s elections will be democratic. The Polity IV project, which codifies regime characteristics across an autocracy-democracy spectrum, officially labeled Venezuela an autocracy that year. Prices in Venezuela have risen by more than 50 percent per month since September 2017, well above inflation rates among Venezuela’s regional peers.


Source: Washington Post May 17, 2018 12:58 UTC



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