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Rafael Ramirez, former president of PDVSA, under investigation for corruption

Thursday, March 30, 2017

Crisis Upon Crisis in Venezuela

Venezuela was once one of Latin America’s economic powerhouses and a regional diplomatic heavyweight. To grasp how precipitously its global standing has eroded under President Nicolás Maduro, consider these two recent developments. Last month, the United Nations announced that Venezuela had lost its right to vote in the General Assembly for a second year because it owes tens of millions of dollars in dues. And on Tuesday, against Venezuela’s ardent protests, diplomats from across the hemisphere convened a rare meeting in Washington to discuss what it would take to restore democracy and a semblance of order in the autocratic, impoverished and dysfunctional nation. More…

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