Venezuela, a South American nation rich in oil, faces complex political, economic, and social challenges. Explore in-depth coverage of its ongoing humanitarian...
Venezuela has been experiencing a prolonged political crisis, marked by disputed elections, institutional conflicts, and a power struggle between the ruling party and the opposition.
Venezuela grapples with hyperinflation, severe shortages of basic goods, declining oil production, and international sanctions, leading to a humanitarian crisis.
The crisis has led to a significant outflow of migrants and refugees, primarily to neighboring countries like Colombia, Brazil, Ecuador, and Peru, straining regional resources.
Venezuela possesses the world's largest proven oil reserves, and oil exports historically formed the backbone of its economy. However, production has significantly declined due to underinvestment and mismanagement.