Venezuela: Background and U.S. Relations Clare Ribando Seelke, Coordinator Specialist in Latin American Affairs Rebecca M. Nelson Specialist in International Trade and Finance Phillip Brown Specialist in Energy Policy Rhoda Margesson Specialist in International Humanitarian Policy Updated November 7, 2019 Congressional Research Service 7-.... www.crs.gov R44841 SUMMARY R44841 Venezuela: Background and U.S. Relations November 7, 2019 Venezuela remains in a deep crisis under the authoritarian rule of Nicolás Maduro of the United Socialist Party of Venezuela. Maduro, narrowly elected in 2013 after the death of Clare Ribando Seelke, Hugo Chávez (president, 1999-2013), began a second term on January 10, 2019, that Coordinator most Venezuelans and much of the international community consider illegitimate. Since Specialist in Latin January, Juan Guaidó, president of Venezuela’s democratically elected, opposition- American Affairs
[email protected] controlled National Assembly, has sought to form an interim government to serve until internationally observed elections can be held. Although the United States and 56 other Rebecca M. Nelson countries recognize Guaidó as interim president, he has been unable to wrest Maduro Specialist in International from power. With Norway-backed negotiations between Maduro and Guaidó suspended, Trade and Finance
[email protected] prospects for a negotiated solution to the crisis are uncertain. Phillip Brown Venezuela’s economy has collapsed. The country is plagued by hyperinflation, severe Specialist in Energy Policy shortages of food and medicine, and electricity blackouts that have worsened an already
[email protected] dire humanitarian crisis. In April 2019, United Nations officials estimated that some Rhoda Margesson 90% of Venezuelans are living in poverty.