Venezuela

BMI View: With Venezuelan President Hugo Chávez set to rule by decree for one year, the opposition Mesa de la Unidad Democratica (MUD) coalition will be unable to alter an increasingly... 2010-12-17

BMI View: We believe a currency devaluation in Venezuela is looking likely. Should one take place, we expect it will occur sooner rather than later in order for President Hugo Chávez... 2010-12-14

BMI View: Venezuela's current account surplus came in at US$2.6bn in Q310, a marginal improvement on the US$2.5bn posted in Q210, but still way down on Q110's figure of US$6.2bn.... 2010-11-24

We believe Venezuelan President Hugo Chávez's decision to promote Major General Henry Rangel Silva to 'chief general' bodes ill for the country's short-term political risk profile... 2010-11-24

BMI View: We have revised our real GDP growth forecasts for Venezuela, now projecting -2.0% in 2010, 1.9% in 2011 and 2.3% in 2012 (from -3.8%, 3.2% and 2.8% respectively). While... 2010-11-19

BMI View: We expect the Venezuelan government to issue between US$2.5bn to US$3.25bn of external debt every quarter in order to finance the fixed exchange rate system, which will remain... 2010-11-11

We believe Venezuelan President Hugo Chávez recently made calls for the rebirth of the Polo Patriótico (PP) coalition in an attempt to win the support of two newly elected Patria... 2010-10-29

BMI View: While Venezuela's foreign exchange reserves ticked higher to US$28.1bn in September from US$27.7bn in August and US$27.4bn in July, we believe the government's fiscal profligacy... 2010-10-29

BMI View: While Venezuela's foreign exchange reserves ticked higher to US$28.1bn in September from US$27.7bn in August and US$27.4bn in July, we believe the government's fiscal profligacy... 2010-10-29

BMI View: We believe the Venezuelan government will maintain the current fixed exchange rate system over the foreseeable future, and have consequently lowered our inflation forecasts... 2010-10-07