Venezuela

BMI View: Venezuelan President Hugo Chávez this week unveiled the outlines of his so-called '21st Century Socialism'. In our view, this agenda is a very negative development for... 2007-01-11

In line with our expectations, Chavez won the December 3 presidential elections. According to the National Electoral Council, Chavez won 62.89% of the vote, while his opponent, Manuel... 2006-12-05

There has been a renewed drop in the Venezuelan bolivar parallel exchange rate (as measured by the 'CANTV dollar'), which depreciated by 8.0% from VEB3,277.89/US$ on November 24 to... 2006-12-04

While a second term by Chavez would likely further erode the country's fragile democratic traditions and open the door to higher levels of corruption, a probable Chavez victory would... 2006-12-01

The non-oil economy grew by 11.7% y-o-y in Q306 (up from 11.1% in Q305), and the construction and the communication sectors experienced the fastest growth rates, rising by 32.2% y-o-y... 2006-11-23

Venezuela's parallel rate (as measured by the 'CANTV dollar') depreciated further yesterday and fell to VEB3028.85/US$, breaking through the VEB3000.00/US$ mark for the first time... 2006-11-15

Venezuela's Finance Ministry confirmed yesterday that it has begun selling the joint Bono Del Sur (Southern Bond) with Argentina. An initial US$1.0bn in bonds will be sold, of which... 2006-11-08

Data provided by Venezuela's Finance Ministry show that current government expenditure (excluding capital expenditure and interest payments) rose by 47.3% y-o-y in Q306. Although... 2006-11-07

Headline Consumer Price Inflation (CPI) came in at 15.5% y-o-y in October, reaching the highest level of the year so far. Venezuela is currently experiencing the fastest rate of inflation... 2006-11-06

Venezuela and Guatemala withdrew their candidacies for the non-permanent seat in the UN Security Council and gave their joint support to Panama on 1 November. The countries' decision... 2006-11-06