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Rafael Ramirez in Vienna (VTV screenshot)

OPEC Rejects Production Cut, Venezuela Looks to Budget

As was expected beforehand, the Organisation of Petroleum Exporting Countries (OPEC) decided not to cut production to increase oil prices at the Vienna summit yesterday. Saudi Arabia and other Gulf states indicated their willingness to endure low prices in order to maintain market share.

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Opinion & Analysis

Mapoyo leader, Simón Bastidas (AVN)

Venezuela’s Indigenous Mapoyo Language Added to UNESCO Heritage List

The inclusion of the Mapoyo language was the only Latin-American proposal included this year.

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Fixing the Exchange Rate System in Venezuela
Venezuela's Transition to Democracy: Latin America's Best Kept Secret
The PSUV’s Hotline to Denounce Infiltrators Leads to Fascism… Let’s Stop this Madness

Venezuela in images

Venezuela Moves! First National Dance Festival Held in Caracas - In mid-November, Venezuela celebrated its first annual dance festival in Caracas. The event, organized by the National Dance Center and the Ministry of Culture, and entitled Venezuela Moves, brought together national choreographers and dance companies ranging from modern, folkloric, ballet, and African dance.

José Khan, Director of the Central Bank of Venezuela (BCV) stated that Venezuela will not devalue the bolivar currency (El Univ

Venezuela’s Decision Not to Devalue Its Currency Raises Questions

Cory Fischer Hoffman looks at the pressures facing the Venezuelan economy and the questions raised by the decision of President Nicolas Maduro’s government not to adjust (devalue) the country’s exchange rate in the near future.

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Economic Indicators

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This CEPR has written various reports on the situation of the venezuelan economy. Read them here