In our view, two aspects justify the action of the government of Maduro to resist wage increases. On the one hand, pegging the salary to the equivalent in dollars in March 2022 requires a considerable demand of resources, and the government lacks an objective source of resources further than higher gasoline prices. On the other hand, government external economic advisors worry that a major wage increase would result in unusual pressure in the exchange market, triggering a more virulent inflation process.
GUIDELINES OF MCM’S ECONOMIC PLAN
A key point that MCM and her team seem to be clear about is that any attempt to get Venezuela out of international economic and financial isolation requires a solution to the issue of the debts and obligations of the Venezuelan State (includingPDVSA) that are currently in default.
MARÍA CORINA MACHADO’S ERA HAS STARTED: A REFURBISHED INTERIM GOVERNMENT
MARÍA CORINA MACHADO’S ERA HAS STARTED: A REFURBISHED INTERIM GOVERNMENT”
Opposition primary elections must overcome logistical barriers and legal threats
Upon completing the registration of candidates for the October 22
opposition primary elections, the organizers of the event must overcome
logistical challenges and face legal threats in order to hold the event.
The chance of a friendly agreement on Venezuelan debt is lessened
María Corina Machado (MCM)
with the help of a group of
experts in economics,
including Gustavo García and
Rafael de la Cruz (both
former officials of the Inter-
American Development Bank)
has talked about including in
her government’s economic
plan a debt restructuring
proposal to be presented to
economists and bondholders
in New York in July.
Returning to México may be important for prices stability
Leonardo Vera. Informe Especial de Coyuntura Carpe Diem By the end of last year, the consensus that was emerging among analysts of the Venezuelan economy was that economic growth in 2023 could stand in a narrow range between 5 and 6.5%. For instance, the panel of...
The dilemma between inflation and the social and labour conflict is not resolved
Leonardo Vera / Informe Carpe Diem The government of Nicolás Maduro is now facing a serious public policy dilemma about choosing between a reduced inflationary pressure evading the chance of new wage increases for public sector workers and dependents or a reduced...
Comienza el ciclo de María Corina Machado frente a la oposición venezolana
Eugenio G. Martínez “Yo soy la jefa del comando de campaña (…) y soy la candidata de todos los venezolanos”. La frase de María Corina Machado 72 horas después de ganar la primaria presidencial de la Plataforma Unitaria resume el momento político que se experimenta en...
Crece aval a candidatura de María Corina Machado, pero no a su intención de dominar a la oposición
la amplia mayoría de los opositores dispuestos a participar en la primaria apoyan a María Corina Machado y aspiran a que la dirigencia política pelee por su habilitación presidencial en 2024. No obstante, si esto no se logra aspiran a que exista un candidato de consenso, que no se abandone la ruta electoral y que las decisiones de la oposición se tomen entre todos los factores.
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