Tag Archives: International Monetary Fund (IMF)

Venezuela is coping with one of the worst economic disasters in the world.

A rise in spending would expose the Saudi budget if there was an unexpected drop in oil prices.

Venezuela. like most oil producing countries. has for decades subsidized fuel as a benefit to consumers.

The word out of Washington is that the United States is no longer looking at sanctioning Venezuela’s oil industry.

Oil prices have recovered and the country’s economic collapse has left it unable to capitalize.

The nation is scheduled to hold general elections in February.

Maduro promised earlier this week to roll out a new plan to ease the economic crisis.

Economy to grow 1.9% in 2018. boosted by economic reforms and oil output increases.

In recent months. Egypt introduced its latest wave of price hikes for fuel. drinking water and electricity.

Oil exporters in the region have benefited from the improved outlook for oil prices.