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Weekly Report - 23 August 2018 (WR-18-33)

Venezuelan domestic policies drive exodus

Even by Venezuela’s recent standards, this has been an exceptionally challenging week both for the beleaguered public and the government led by President Nicolás Maduro. In an attempt to counter an economy in free fall Maduro announced a new set of drastic economic measures on Friday (17 August). There were more announcements over the weekend. The banks were closed on Monday as they struggled to slash five zeroes off the national currency. There was a general strike on Tuesday, as well as an earthquake tremor that caused buildings in Caracas to be evacuated. The reality? There is little prospect of improvement.

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