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Economy & Business - February 2020

VENEZUELA: Struggling to address the electricity crisis

The 2019 Global Competitiveness Index, released by the World Economic Forum on 8 October 2019, ranked Venezuela 133rd out of 141 countries, making it the second worst performing economy in the region, only followed by Haiti. One of the factors that led to this outcome was the quality of its electricity supply, a category in which Venezuela ranked 123rd, meaning it provides one of the worst electrical services in the world.

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