Venezuela seeks recovery after years of crisis, Rodriguez says
Venezuela’s acting president Delcy Rodríguez said on Wednesday that her government aims to “recover lost time” and improve living standards, blaming the country’s prolonged economic crisis on U.S. sanctions.
In a televised address from Caracas, Rodríguez said the recovery would be guided by the social welfare model established by former president Hugo Chávez, with a focus on supporting vulnerable groups. She also acknowledged past policy mistakes and called for reforms to avoid repeating them.
"I also ask that we correct our own past mistakes; we recognise them, we correct them, and I ask that we do not repeat them," she said.
Rodríguez said the sanctions had severely damaged the economy, leading to years of contraction, hyperinflation and widespread shortages. She noted that inflation once exceeded 300,000% and said the crisis had triggered a wave of migration, with many professionals leaving the country in search of better opportunities.
Rodríguez has been serving as acting president since January, after U.S. forces captured former president Nicolás Maduro, a move that plunged the country into political uncertainty.
This story is written and edited by the Global South World team, you can contact us here.
