Venezuelan Opposition And Government Resume Mexico Talks

Market Discussion

Mexican president Andrés Manuel López Obrador has confirmed that representatives of Venezuela’s government and opposition are meeting again at the negotiating table. This would be straight after Washington DC and Caracas could have reached an agreement late last month in Doha, Qatar—according to a source with information on the matter. It is not yet clear whether this is a limited or comprehensive deal.

President López Obrador confirmed this in his morning press conference this Friday. Venezuelan government and opposition delegates had already met a year ago in Mexico City, and agreed on a “humanitarian fund”, but its execution was stalled and negotiations stopped.

The 2022 deal involved unfreezing up to $3bn of Venezuelan overseas assets and using them for education, healthcare, and infrastructure under UN supervision. The main obstacle was US-side worries that assets could be seized by creditors if they were unlocked. José Ignácio Hernández, an opposition lawyer, whipped up these fears despite assurances by creditors that it would not happen.

https://www.forbes.com/sites/eliasferrerbreda/2023/10/13/venezuelan-opposition-and-government-resume-mexico-talks/

Posted Oct 13, 2023, 10:17 PM UTC

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