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Venezuelan Oil Sector Faces Long Road to Recovery

After years of mismanagement and, more recently, crippling sanctions, Venezuela’s core economic engine–the oil sector–is in collapse. The condition of the country’s economy creates numerous challenges to recovering Venezuela’s oil sector, and it will take months or even years for substantial amounts of investment to flow in, concludes a new Inter-American Dialogue report by Lisa Viscidi and Nate Graham.

Alejandro Ramírez, Cirque du Soleil and National Federation of Coffee Growers of Colombia, to receive prestigious Inter-American Dialogue Award. Prime Minister of Barbados, Mia Amor Mottley, will deliver keynote remarks.

Washington, DC – On November 12th at a gala dinner at the Mandarin Oriental Hotel in Washington, DC, the Inter-American Dialogue will present awards to leaders from across the Americas. The Dialogue is pleased to honor Alejandro Ramírez, CEO of Cinépolis, with the Leadership for the Americas Award for Civic Engagement; Cirque du Soleil, with the Leadership for the Americas Award for Corporate Citizenship; and the National Federation of Coffee Growers of Colombia (FNC), with the Leadership for the Americas Award for Social Equity. Mia Amor Mottley, PM of Barbados, will deliver keynote remarks. Marta Lucía Ramírez, vice president of Colombia, and Wendy Kopp, CEO of Teach for All, will present the awards.  


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El momento [para el anuncio de EEUU de un proceso criminal por narcotráfico contra Maduro] es desafortunado. Sucede preciso cuando Venezuela y sus vecinos están sufriendo los efectos del coronavirus y están desesperados por soluciones y no es claro que este mensaje amenazante contra Maduro ayude en eso. La clave es cómo reaccionarán los militares en el país. Es improbable que abandonen a Maduro por esto. Antes es más viable que se atrincheren en su entorno.
Most of the region’s leaders were already in serious trouble, with slowing economies, social pressures and protests forcing them to look inward. With borders closing everywhere, the coronavirus has only accentuated that instinct.

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