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Latin American Economy & Business - July 2014 (ISSN 1741-7430)
VENEZUELA: All (economic) power to Rafael Ramírez?
Amid the often chaotic and confusing ebb and flow of Venezuelan politics, analysts jumped on two important incidents in June. On 13 June, Rafael Ramírez, the energy minister, president of Pdvsa and de facto economic policy supremo, made a speech to investors in London in which signalled a move towards more pragmatic economic policies, including an eventual re-unification of the country’s various exchange rates. Then on 17 June President Nicolás Maduro announced the dismissal of Jorge Giordani from his job as planning czar.
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