The Root Cause of Venezuela’s Crisis

In January, 35 -year-old Mr. Guaidó, the head of the country’s opposition-led National Assembly, declared himself interim leader during anti-government protests. He has then been recognized by various leaders as the Venezuela’s legitimate leader, pending elections. Among them being brazil, and US leaders

Mr. Guaidó has vowed to oversee fresh elections on the grounds that Mr. Maduro’s 2018 re-election for a second term was flawed. Many opposition candidates were barred from running or jailed and there were allegations of vote-rigging.

The UN say more than three million Venezuelans have fled in recent years as the country grapples with hyperinflation and shortages of essentials like food and medicine.

Mr. Maduro, who has been in power since 2013, has been criticized at home and abroad for his handling of the economy.

He has, however, retained the support of key allies who have helped bankroll the country’s economy, including Russia and China.

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