New Market Perspective
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

New Market Perspective

World

Venezuelans vote in crucial election as opposition challenges Maduro

by admin July 28, 2024
July 28, 2024
Venezuelans vote in crucial election as opposition challenges Maduro

Venezuelans headed to the polls on Sunday to vote in a highly consequential presidential election where the country’s longtime strongman, Nicolas Maduro, will face one of his greatest political challenges yet, say analysts.

Maduro, who took the mantle of the ruling Chavismo movement after his predecessor Hugo Chavez’s death in 2013, is seeking his third consecutive six-year term in office. Of the nine other candidates running for the presidency, his biggest challenger is a unified opposition movement that overcame their divisions to form a coalition known as the Democratic Unitary Platform.

The opposition movement has maintained its momentum despite sustained government repression, in which their first-choice candidate, María Corina Machado, was disqualified from running. Machado, an avowed capitalist who has promised privatization of several state industries, has since rallied for her replacement, the soft-spoken former diplomat Edmundo González Urrutia.

The vote has come at a crucial moment for Venezuela, which has experienced violent repression under Maduro’s watch and the worst economic collapse of a peacetime country in recent history. The oil-rich nation, once the fifth-largest economy in Latin America, has seen its economy shrink in the last decade to the equivalent of a medium-sized city, according to data from the International Monetary Fund. 

Punishing sanctions on the regime by the United States and European Union have failed to topple the populist incumbent, who argues that Venezuela’s woes are due to being a victim of an “economic war.”

Around eight million Venezuelans have fled the country amid shortages of vital goods and soaring inflation.

There has been mounting concern that the opposition will not see a fair contest as Maduro’s government controls all public institutions in Venezuela and has been accused of rigging previous votes, which it denied. Experts note, however, that concerns of vote tampering may be mitigated by the planned presence of opposition party representatives at each polling station.

The election campaign has seen at least 71 people arbitrarily detained – the majority of whom provided some sort of service to the opposition – and a dozen online media outlets blocked within the country, according to human rights organization Laboratorio de Paz.

The government has also created significant impediments for the millions of Venezuelans abroad to vote, including widely unattainable passport and residency requirements.

A limited group of election observers, including a team from The Carter Center – a non-profit organization set up by former US President Jimmy Carter – will be on the ground. But several international election observers have announced this week that they will no longer travel to Venezuela to monitor the vote.

Latin American leaders, including Brazilian President Luiz Inácio Lula da Silva, have called on Maduro to commit to stepping down if he loses. Venezuelan opposition figures have also appealed to the country’s military, that has long supported Maduro and his predecessor, to respect the results. The Venezuelan leader has said his victory will ensure “peace” in the country.

How the army reacts to the outcome could be an important factor in any scenario, but analysts say it impossible to parse where it stands.

Polls will close at 6 p.m ET.

This post appeared first on cnn.com

0
FacebookTwitterGoogle +Pinterest
previous post
Putin says planned US deployment of long-range missiles in Germany is ‘reminiscent’ of Cold War
next post
The US says it has successfully practiced using a low-cost bomb to sink a major surface ship. China is taking note

Related Posts

As Trump’s attacks on Zelensky turn personal, there’s...

February 20, 2025

She was told she wouldn’t live past her...

August 9, 2024

Russia is advancing in Kursk, threatening Ukraine’s sole...

March 9, 2025

Israel approves ceasefire and hostage release deal with...

January 18, 2025

New climate summit draft calls for transition away...

December 14, 2023

4 killed as heaviest rain in decades hits...

September 15, 2024

More than 150 hostages rescued as Pakistan’s military...

March 12, 2025

She managed to flee Gaza after half her...

June 27, 2024

Sierra Leone declares national emergency after steep rise...

April 7, 2024

Delight and disruption as record November snowfall hits...

November 28, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • At 90, the Dalai Lama braces for final showdown with Beijing: his reincarnation

      July 4, 2025
    • Russia becomes first nation to recognize Taliban government of Afghanistan since 2021 takeover

      July 4, 2025
    • Two arrested over ‘Chinese blessing scams’ targeting elderly Asian women in Australia

      July 4, 2025
    • Russia launches record number of drones at Ukraine after latest Trump-Putin phone call

      July 4, 2025
    • Elephant kills two female tourists from the UK and New Zealand in Zambian national park

      July 4, 2025
    • What is happening in South Korea? Seoul has caught the lovebug that nobody wants

      July 4, 2025

    Popular

    • 1

      Top 5 Junior Copper Stocks on the TSXV in 2023

      December 22, 2023
    • 2

      Canada Silver Cobalt Begins Drilling at Lowney-Lac Edouard in Quebec, Targeting Nickel-Copper-Cobalt Mineralization

      December 22, 2023
    • 3

      Crypto Market 2023 Year-End Review

      December 22, 2023
    • 4

      10 Top Oil-producing Countries (Updated 2024)

      October 19, 2024
    • 5

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 6

      Powered by rain, this seed carrier could help reforest the most remote areas

      December 19, 2023
    • 7

      A troubling theory about traders profiting from Hamas’ attack on Israel drew much attention. Why it may not be so simple.

      December 13, 2023

    Categories

    • Business (1,398)
    • Investing (3,442)
    • Politics (4,517)
    • World (4,416)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: newmarketperspective.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 newmarketperspective.com | All Rights Reserved