Venezuela was once the wealthiest democracy in South America. Today, despite having the largest oil reserves in the world, Venezuela is in crisis, with hyperinflation, food shortages, escalating crime, and the mass emigration of more than three million people in the last few years. In January 2019, most Western democracies declared Nicolás Maduro, the fraudulently elected incumbent president, as illegitimate. Instead, Juan Guaidó, the head of Venezuela’s National Assembly, has been recognized as the country’s interim president. The U.S. and other countries have also imposed economic sanctions on Venezuela in an attempt to help restore democracy to this troubled nation.
At this event, the Baker Institute Center for Energy Studies and Latin America Initiative hosted a discussion on Venezuela’s future. Julio Borges, key opposition leader and former president of the National Assembly, and a panel of experts examined the evolving politics, economics and oil industry of Venezuela.
Follow @BakerInstitute on Twitter and join the conversation online with #BakerVenezuela.
5:30 p.m. — Reception
6:00 p.m. — Presentation
His Excellency Julio Borges
Former President, Venezuela's National Assembly
Alejandro Grisanti, Ph.D.
Francisco J. Monaldi, Ph.D.
Fellow in Latin American Energy Policy, Baker Institute
Erika de la Garza
Senior Advisor, Latin America Initiative, Baker Institute