This week: Venezuela’s economy slows sharply in the first quarter, signaling a difficult year for the already struggling nation; in a clear sign that food shortages are worsening, restrictions on the sale of 20 basic goods are set to begin next week in Venezuela’s most populous state; Telefonica plans to boost spending in Venezuela to avoid sitting on cash that may lose a third of its value if a second currency devaluation occurs this year; Venezuela’s inflation hits a record monthly high of 6.1 percent in May, taking its annualized rate to a startling 35.2 percent; meanwhile, pressure mounts on the government to accelerate the approval of foreign currency. After months of tensions, U.S. Secretary of State John Kerry meets with Venezuelan foreign minister Elías Jaua during an OAS meeting; U.S. filmmaker Timothy Trace, who had been arrested earlier this year, is released and expelled from the country; Venezuela’s opposition hits the diplomatic road, traveling abroad to pressure the government following April’s disputed election; and the sale of Venezuela’s largest private media group reignites concerns that the government is attempting to silence the press, masking falling popular support and deteriorating economy. The number of cases submitted to the ICC because of arbitrary arrests and power abuses in Venezuela amount to 194; Venezuelan attorney rejects international allegations of torture by the Maduro government; and Venezuela’s opposition says it will submit records of 180,125 dead people that remain eligible to vote.
Venezuela’s economy slows sharply as ‘stagflation’ looms, Reuters
Venezuela’s economy slowed sharply in the first quarter, the central bank said on Friday, auguring a difficult year for the OPEC nation that is already struggling with galloping inflation and shortages of basic consumer goods.
Rationing of 20 products to begin in Venezuelan state next week, Associated Press
In a sign Venezuela’s food shortages could be worsening, restrictions on the sale of 20 basic items including toilet paper and chicken subject to price controls are set to begin next week in its most populous state, officials said Tuesday.
Telefonica Said to Plan for Another Venezuela Devaluation, Bloomberg
Telefonica SA (TEF) plans to boost spending in Venezuela to avoid sitting on cash that may lose a third of its value as speculation mounts that the government may devalue the bolivar for a second time this year, according to a person familiar with the matter.
Venezuela inflation soars to record monthly high 6.1 pct, Reuters
Venezuela’s inflation hit a record monthly high of 6.1 percent in May, compounding new President Nicolas Maduro’s economic headaches less than two months after taking office in the OPEC member country.
Toilet Paper-Less Venezuela Fueling Bond Sale Talk: Andes Credit, Bloomberg
Venezuelan Finance Minister Nelson Merentes is planning the nation’s first overseas meetings with creditors in nine years as a scarcity of dollars exacerbates shortages of everything from toilet paper to soap.
Kerry Meets With Official of Venezuela to Set Talks, New York Times
After months of tensions between the United States and Venezuela, Secretary of State John Kerry met on Wednesday with the Venezuelan foreign minister, Elías Jaua, in Antigua, Guatemala, and announced the start of talks aimed at improving relations between the two countries.
Venezuela frees, expels U.S. filmmaker, CNN
A U.S. filmmaker arrested in Venezuela and accused of instigating unrest was released from prison and expelled from the country, his attorney told CNN affiliate Globovisión.
Venezuela’s opposition hits the diplomatic road, Foreign Policy
Last week, Venezuelan opposition leader Henrique Capriles made his first trip abroad following last April’s disputed election.
Fears for Venezuela press freedom as critic is silenced, Financial Times
The sale of Venezuela’s largest private media group has reignited concerns that the government is attempting to muzzle the press to mask falling popular support amid a deteriorating economy and widespread shortages.
Demonstration is now considered a crime, El Universal
A total number of 194 cases of youngsters and minors who were arbitrarily detained and abused or tortured by state police officers and para-police groups, have been substantiated and submitted by the team of lawyers grouped in the Venezuelan Criminal Forum to the International Criminal Court based in The Hague.
Attorney General rejects international complaints against Venezuela, El Universal
Venezuelan Attorney General Luisa Ortega Díaz stated on Thursday that the Venezuelan State has acted promptly in specific cases related to violation of human rights.
Opposition introduces register of voters including 180,125 dead, El Universal
Experts from the opposition Unified Democratic Panel (MUD) plan to submit this week to the National Electoral Council (CNE) data of 180,125 dead people that remain enabled to vote.

