Multidimensional assessment: political, regulatory, operational, fiscal, sanctions, legal, social and exchange rate
Multidimensional assessment: political, regulatory, operational, fiscal, sanctions, legal, social and FX.
BCV: 451 Bs/USD · Inflation: 618% · Total Debt: $150-170B (180-200% GDP) · No formal restructuring · No access to international capital markets · Oil revenues under U.S. Treasury custody · Last IMF Article IV consultation: September 2004.
01 · OFAC licenses without expiration are more powerful than they appear — and carry a hidden price. None of the 7+1 general licenses have expiration dates. But the real mechanism is more subtle: Washington didn't lift sanctions — it converted them into a permanent oversight system where the U.S. controls the revenue tap. The licenses are permanent but the control is total. The risk isn't that they'll revoke them — it's that they'll use them as an indefinite pressure mechanism.
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FURTHER READING
04Money paid up front for a Venezuelan home stops passing through the builder's hands
Until now the developer took the buyer's down payment and put it to work. The text passed on Friday routes it into a trust that releases funds only against construction progress certified by an independent engineer.
OFAC eligibility in Venezuela: who lends the permit to sign with PDVSA
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Venezuela country risk August 2026: the file runs on two clocks and only one tells verifiable time
The Venezuelan file operates on two clocks: an external one producing verifiable acts at a reliable cadence, and an internal one whose statements have no associated indicator. Reconstruction is the best available proxy for state execution capacity.
GL 62 — Negotiations of and Entry Into Contingent Contracts for Investment in the Telecommunications Sector of Venezuela
Authorizes transactions prohibited by the VSR — including those involving the Government of Venezuela, CONATEL, and CANTV — related to the negotiation of and entry into contingent contracts for new investment in the telecommunications sector of Venezuela, provided that performance of any such contract is made expressly contingent upon separate authorization from OFAC. Covers establishing new telecommunication service providers, expanding existing operations, and forming new joint ventures or other entities, along with prefatory steps such as commercial, legal, technical, safety, and environmental due diligence and assessments. No periodic reporting and no expiration date.
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