Throughout 2018, the situation in Venezuela remained highly volatile. In May, snap presidential elections took place and the incumbent President, Mr Nicolás Maduro, declared victory; however, the election results were recognized neither by the opposition (which had mostly boycotted the poll) nor by a large part of the international community. On 5 August 2018, following an alleged drone attack against Maduro, a further crackdown on opposition leaders ensued. In the meantime, a report by the International Monetary Fund estimated a 1,370,000 percent inflation by the end of the year, while the United Nations (UN) High Commissioner for Refugees reported that 1.5 million Venezuelans had left the country since the beginning of the crisis and the number of asylum applications had spiked.
The year 2019 started with the official inauguration of Maduro’s second term as President of Venezuela, on 10 January. On 23 January, however, Mr Juan Guaidó, President of the National Assembly (the Venezuelan Parliament) and leader of the opposition, declared himself interim President of Venezuela by relying on Article 233 of the Constitution, which attributes the interim presidency to the head of the National Assembly should the President become “permanently unavailable to serve”. Venezuela thus plunged into political and institutional chaos.Continue reading