Venezuela

BMI View: The devaluation of the bolivar will bring significant relief to Venezuela's fiscal accounts, as petrodollars now will be converted at a significantly weaker exchange rate... 2010-02-04

BMI View: The devaluation of the bolivar will bring a substantial boost to the fiscal accounts in 2010, helping Chávez to keep the taps open ahead of September's legislative elections.... 2010-01-15

Iranian President Mahmoud Ahmadinejad reached Venezuelan capital Caracas on November 25 to meet his Venezuelan counterpart Hugo Chávez. The two leaders held discussions aimed at... 2009-11-30

BMI View:The dismal third quarter GDP growth figure (-4.5%) was a clear reminder of the poor state of the economy, and confirms our long-held expectations that Venezuela would lag... 2009-11-30

BMI View: Tensions between Venezuela and Colombia remain heightened, due to the formers' belligerent rhetoric and recent destruction of bridges straddling the border. Although the... 2009-11-27

BMI View: Although Caracas has acknowledged the need for fiscal parsimony, and appears to have based the 2010 budget on reasonably plausible assumptions, we believe that problems... 2009-10-05

BMI View: Although Caracas has acknowledged the need for fiscal parsimony, and appears to have based the 2010 budget on reasonably plausible assumptions, we believe that problems... 2009-10-05

We are revising down our end-year inflation target from 40.0% to 32.0% as the headline inflation rate continues to lag the core rate due to pervasive price controls. However, we... 2009-09-11

Venezuela's current account flipped from a US$4.2bn deficit in Q109 to a US$2.2bn surplus in Q209 as a recovery in oil prices reversed the trade deficit.

Venezuelan President Hugo Chávez is preparing to break diplomatic ties with Colombia in a clash over Bogota's decision to allow the US military access to seven of Colombia's army... 2009-09-07