Venezuela

The forthcoming visit of US President George W Bush to Latin America is underscoring ideological divisions in the region. Recent spats with Costa Rica and Colombia appear to be based... 2007-03-08

BMI View: Inflation data was published yesterday for the major Andean economies. In this article, we look across the board to assess the impact of price pressures upon Colombia, Peru... 2007-03-02

BMI View: Venezuela and Argentina have again issued a joint bond worth US$1.5bn, as the government in Caracas attempts to drain more liquidity from the economy in an effort to... 2007-02-27

President Hugo Chávez received unanimous backing from the National Assembly to rule by decree for the next 18 months. The move paves the way for Chávez to implement the reforms... 2007-02-09

After inflation reached 18.4% y-o-y in January, with most risks pointing to further upside potential, the Venezuelan government has announced a series of measures design to rein in... 2007-02-08

BMI View: President Hugo Chávez has been granted the power to rule by decree for an unprecedented 18 months. Chávez's plan to install a rather vague "21st Century Socialism"... 2007-02-02

BMI View: The bolivar continues on a downward trajectory in the parallel exchange rate market, on the back of more bad news for the domestic economy. Profligate government spending,... 2007-01-29

Venezuela's current account surplus came in at US$7.7bn in Q306, decreasing by 4.4% y-o-y (down from a 100.5% y-o-y increase in Q305), which represented the first quarterly decline... 2007-01-18

In the wake of President Hugo Chávez's vitriolic announcements at the beginning of January, our two political risk ratings have moved in opposite directions. Our short-term rating,... 2007-01-15

BMI View: At the beginning of 2006, President Hugo Chávez's government said that it expected inflation to fall to 10% by the end of the year. Data released on January 2 revealed... 2007-01-15