Venezuela: Economic Situation

(asked on 10th March 2020) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign and Commonwealth Affairs, what recent assessment his Department has made of the health of Venezuela's economy.


Answered by
Wendy Morton Portrait
Wendy Morton
This question was answered on 18th March 2020

The United Kingdom remains alarmed at the deteriorating economic situation in Venezuela. The actions of the Maduro regime including years of economic mismanagement, hyperinflation, and shortages of food and medicine, have led to social and economic collapse. This has led to millions of misplaced people, including many refugees, who fled to neighbouring countries, threatening regional stability and security.

The UK is committed to supporting international efforts to bring an end to the state of economic crisis.

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