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    Presentation On: Venezuela's Crisis

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    prashant
    Venezuela is experiencing a severe economic, political, and humanitarian crisis. The economic crisis is characterized by hyperinflation, shortages of food and medicine, and a collapsing GDP. Over 4 million Venezuelans have fled the country due to the crisis. Politically, there is a dispute over the legitimacy of Nicolas Maduro's presidency, with opposition leader Juan Guaido declaring himself interim president and gaining international recognition. The crisis has been exacerbated by US oil sanctions and the decline of Venezuela's critical oil industry.

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    Presentation On: Venezuela's Crisis

    Uploaded by

    prashant
    43 views26 pages
    Venezuela is experiencing a severe economic, political, and humanitarian crisis. The economic crisis is characterized by hyperinflation, shortages of food and medicine, and a collapsing GDP. Over 4 million Venezuelans have fled the country due to the crisis. Politically, there is a dispute over the legitimacy of Nicolas Maduro's presidency, with opposition leader Juan Guaido declaring himself interim president and gaining international recognition. The crisis has been exacerbated by US oil sanctions and the decline of Venezuela's critical oil industry.

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    Venezuela is experiencing a severe economic, political, and humanitarian crisis. The economic crisis is characterized by hyperinflation, shortages of food and medicine, and a collapsing GDP. Over 4 million Venezuelans have fled the country due to the crisis. Politically, there is a dispute over the legitimacy of Nicolas Maduro's presidency, with opposition leader Juan Guaido declaring himself interim president and gaining international recognition. The crisis has been exacerbated by US oil sanctions and the decline of Venezuela's critical oil industry.

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    © All Rights Reserved
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    43 views26 pages

    Presentation On: Venezuela's Crisis

    Uploaded by

    prashant
    Venezuela is experiencing a severe economic, political, and humanitarian crisis. The economic crisis is characterized by hyperinflation, shortages of food and medicine, and a collapsing GDP. Over 4 million Venezuelans have fled the country due to the crisis. Politically, there is a dispute over the legitimacy of Nicolas Maduro's presidency, with opposition leader Juan Guaido declaring himself interim president and gaining international recognition. The crisis has been exacerbated by US oil sanctions and the decline of Venezuela's critical oil industry.

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    Presentation On:

    Venezuela’s Crisis

    Presented By:
    Department: USB
    Pragya Banik (181011097) Course Code: BUS 201
    Abir Hasan Rahat (171011226) Group No: 06
    Aronika Shake Sneha (172011148)
    Some Information About
    Venezuela

     Official Name: Bolivarian Republic of Venezuela


     Area: 916,445 square kilometers
     Location: South America
     Capital: Caracas
     Official Language: Spanish
     Population: 31.98 million (2017)
     Famous for: Oil
     President: Nicolas Maduro
    State Flag of
    Map
    Venezuela
    Five Crisis of Venezuela

     Economic Crisis

     Energy Crisis

     Migration Crisis

     Political Crisis

     Oil Embargo
    A Short Preview of Venezuela

     In 1498: Christopher Columbus reach Venezuela


     In 1499: Alonso de Ojeda called Venezuela
     In 1521: Spanish founded their first town
     In 1811: National Assembly declared
     In 1830: Venezuela completely independent
     In 1998: Elected President
     In 2013: Hugo died & replaced by new president
     In 2016: Venezuela suffered
    Migration crisis

     The Economy has collapsed


     4 million Venezuelans-5,000 per day in
    2018
     Hyperinflation, violence, food &
    medicine storages
     Cholera & Malaria have returned
     Children increasingly are dying

    https://www.youtube.com/watch?time_co
    ntinue=23&v=qJXLq65dwN0 (Video Clip)
    Why are people leaving the country?

    • Hyperinflation, violence, food &


    medicine shortages
    • Poor Governance system
    • Unable to provide enough social
    services
    How is the Venezuela Crisis Affecting
    Children?

    • Greater risk of hunger & death


    • Face exploitation & harm
    • 4,60,000 children need humanitarian
    aid
    • Girls face violence
    Economics Crisis

     Corruption

     Failed economics
    policies

     Price control

     Taking over industries


    Business & Industries

    Clorox, General Mills &

    Kimberly Clark

    AeroMexico, Air Canada &

    Delta

    Criminal activities

    Part Shortages

    Lack of maintenance
    GDP

     $276b in 2018

     GDP annual growth rate is -17%

     -25% in 2019
    Inflation

     282,972% in July 2019

     Highest was 344,509% in


    Feb 2019
    Unemployment

     44% in 2019

     From 2016 no official


    unemployment figures
    Debt

     National debt is US$105b

     Reserve is US$8b
    Energy Crisis

     Drought

     Lack of maintenance

     Lack of investment

     Blackouts
    2019 Political Crisis

    Juan Guaido Nicolás Maduro


    Reasons for the Political Crisis

     Disputed results of the 2018


    Venezuelan presidential election

     National Assembly’s declaration


    against Maduro’s presidency

     The declaration of Supreme


    Tribunal of Justice

     Guaidó’s declaration of acting


    presidency
    Maduro’s Presidency

     Grossly mismanaging the


    economy

     Plunging into a deep


    “Humanitarian crisis”

     Crushing the opposition

     Using lethal force against


    antigovernment protesters
    United Socialist Party
    of Venezuela
    Guaido’s Presidency

     Recognition of legitimacy from


    60 governments worldwide

     Proposed Plan País

     Attempts to deliver
    humanitarian aid to the country

     Appointed diplomats Popular Will


    recognized by supportive Party
    governments
    History of Venezuelan Oil Industry

     20% of global reserves

     Founding member of the OPEC

     10th highest in the world’s oil


    production

     8th largest net oil exporter in


    the world

     90% of the country’s foreign


    currency income
    Who Buys Venezuela’s Oil?
    Venezuela’s Oil Production falls as
    US Embargo Deters Foreign Trade
     July’s production is 4% lower than in June

     German web hosting company Sedol


    suspended all Venezuelan accounts

     Chinese investment for new blender plant

     US financial services firm Western Union


    suspended all family remittances to
    Venezuela

     Turkey’s Ziraat Bank closed all accounts


    with Venezuela’s Central Bank
    Fall of Oil Production

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