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Venezuela recovery plans

Venezuela: a long road to full recovery
Over a period of years, the Venezuelan economy has suffered a unique and catastrophic downturn...
Given the severity of the Venezuelan crisis, a number of local and regional political leaders and economists have called for or proposed various different economic recovery plans...
Since the first discoveries by Royal Dutch Shell in the 1920s Venezuela’s economy has been highly reliant on the oil and gas sector, a boon at times of high international prices and a curse during cyclical busts in the industry – of which there have been many...
The internally triggered fall in oil production has been aggravated by the imposition of US economic sanctions...
At the macro-economic level the Venezuelan economy has since 2013 suffered a series of major and closely inter-related problems...
The global coronavirus pandemic, which arrived in Venezuela in March 2020, is a major additional economic problem...
The government’s plan..
This section includes some general comments about the viability of Plan País in particular, as of other, wider economic recovery plans for the country...

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