Geography Archives: Venezuela

The International Monetary Fund (IMF) has published its latest projections for economic growth around the world.1  At first glance, the IMF projections for Latin America seem unlikely.  The IMF has a lengthy record of biased projections of growth in the region2 and has been consistently underestimating growth in countries such as Argentina and Venezuela, which […]

  Eduardo Galeano, Open Veins of Latin America: Five Centuries of the Pillage of a Continent, 25th anniversary edition (New York: Monthly Review Press, 1997). As Editorial Director of Monthly Review Press, I was delighted to learn that Venezuelan president Hugo Chavez gave his U.S. counterpart Barack Obama a copy of Eduardo Galeano’s Open Veins […]

The Best Seller in a Matter of Hours Open Veins of Latin America, a book by Eduardo Galeano, soared from No. 54,295 to No.1 once the Venezuelan leader gave a copy of it to his US counterpart at the Fifth Summit of the Americas. The Amazon.com sales rank of the English version of Las venas […]

After Bolivia beat the Argentine soccer team led by legendary Diego Maradona by 6 to 1, Maradona told reporters, “Every Bolivia goal was a stab in my heart.”  Bolivia was expected to lose the April 1 match as Argentina is ranked as the 6th best soccer team in the world, and Maradona enjoys godlike status […]

  Within an otherwise bleak reality of capitalist crisis, Mike Lebowitz has provided us with an eloquent restatement of the case for socialism — The Path for Human Development: Capitalism or Socialism?  This short text is now circulating widely in Venezuela, in Spanish, as a pocket-sized pamphlet, has been published in Monthly Review, and is […]

Abstract The collapse of the European socialist block at the end of the 1980s caused a deep crisis in the Cuban economy.  One of the distinctive features of the process of adjustment and reform of the Cuban economy carried out by the government was that even during the worst period of the crisis, the Revolution’s […]

  VTV’s “La Hojilla” program’s production team republished the images of the coup d’état of 11 April 2002, which kidnapped President Hugo Chávez and trampled on the Constitution and the rights of the Venezuelan people for 48 hours. After seven years, now that justice is beginning to be done in the cases of the massacre […]

  Chesa Boudin, Gringo: A Coming of Age in Latin America, 240 pages, Scribner (April 2009). Chesa Boudin’s South American travel memoir and coming of age story Gringo is good and useful on several levels.  It’s a poetically personal On the Road for a new generation and a vivid primer in the human cost of […]

The president of the new financial institution, Kurosh Parvizian, noted that this institution is a smart project in the face of the international economic crisis.  The creation of a bi-national fund, which will have a capital of 1.2 billion dollars, will strengthen Venezuela’s strategic alliance with Iran and South-South cooperation. The president of Venezuela, Hugo […]

Proposal for the Creation of the “Petro” Currency Should Not Be Seen in Isolation Caracas, 31 Mar (ABN) — The proposal of the president of Venezuela, Hugo Chávez Frías, to create a new currency called the “Petro” should not be seen in isolation from what is happening in today’s global economy, said the governor of […]

The presidents of Venezuela and Iran met on Thursday at the presidential palace in Tehran, where they agreed on the need to make a systemic change that allows countries to break free from free trade and promote fair trade and complementary relations between countries. The president of Venezuela, Hugo Chávez, and his Iranian counterpart, Mahmoud […]

During his speech, the Venezuelan head of state insisted that “the agreements not remain on paper” as in previous years.  He condemned the arrest warrant on the president of Sudan, Omar al-Bashir, issued by the International Criminal Court “by order of the United States” and stressed the need to create a currency to confront the […]

Beyond Elections: Redefining Democracy in the Americas.  Produced by Michael Fox and Sílvia Leindecker.  Purchase from PM Press. The new documentary Beyond Elections: Redefining Democracy in the Americas proves that democracy can and should be more than casting a ballot every four years.  This empowering film gives hopeful and concrete examples from around the Americas […]

“Caracas: one of the most dangerous cities of the planet. . .” goes the blurb for the movie Express Kidnapping — the only Venezuelan film viewed internationally so far, and the top grossing movie here. Crime, according to the Latinobarometro 2008 report, is the biggest problem in Venezuela for 57% of its respondents.  So it […]

Beyond Elections: Redefining Democracy in the Americas.  Produced by Michael Fox and Sílvia Leindecker.  Purchase from PM Press. The new documentary Beyond Elections: Redefining Democracy in the Americas proves that democracy can and should be more than casting a ballot every four years.  This empowering film gives hopeful and concrete examples from around the Americas […]

When Venezuelan voters approved a referendum allowing for indefinite re-election on all elected posts, commentary immediately turned to what the reform meant for chavistas — particularly, the prospect of having Hugo Chávez as president until 2019 or later.  Far less attention was paid to what the defeat meant for the opposition or to its reaction. […]

On Wednesday, Venezuelan President Hugo Chávez convened state governors, city mayors, and legislators from the United Socialist Party of Venezuela (PSUV) to discuss the next stage in the construction of “21st Century Socialism,” following two important electoral victories for Chávez and his supporters over the past four months. Chávez urged governors and mayors to promote […]

  HAVANA, 26 March (IPS) — While the work of women filmmakers in Latin America and the Caribbean has made its presence undeniable, their work still suffers from certain invisibility in a medium where men have traditionally had hegemony. The “Women in the Contemporary Audiovisual Media” Web site, created by the New Latin American Cinema […]

The government estimates the growth rate will be 2% at the maximum this year.

“The strategy is to create a public instrument in which the banks place certain percentages of their targeted portfolios.”

  The Venezuelan minimum wage, including the value of food vouchers, will reach $636 in September this year, when the process of raising it by 20% gets completed; the second highest minimum wage in South America is Argentina’s $310 per month. The anti-crisis measures announced by the Bolivarian government last Saturday, although affecting Venezuelans negatively […]