Presentation On:

Venezuela’s Crisis

Presented By:
Department: USB
Pragya Banik (181011097) Course Code: BUS 201
Abir Hasan Rahat (171011226) Group No: 06
Aronika Shake Sneha (172011148)
 Some Information About
Venezuela

 Official Name: Bolivarian Republic of Venezuela

 Area: 916,445 square kilometers
 Location: South America
 Capital: Caracas
 Official Language: Spanish
 Population: 31.98 million (2017)
 Famous for: Oil
 President: Nicolas Maduro
 State Flag of
Map
Venezuela
 Five Crisis of Venezuela

 Economic Crisis

 Energy Crisis

 Migration Crisis

 Political Crisis

 Oil Embargo
A Short Preview of Venezuela

 In 1498: Christopher Columbus reach Venezuela

 In 1499: Alonso de Ojeda called Venezuela
 In 1521: Spanish founded their first town
 In 1811: National Assembly declared
 In 1830: Venezuela completely independent
 In 1998: Elected President
 In 2013: Hugo died & replaced by new president
 In 2016: Venezuela suffered
 Migration crisis

 The Economy has collapsed

 4 million Venezuelans-5,000 per day in
2018
 Hyperinflation, violence, food &
medicine storages
 Cholera & Malaria have returned
 Children increasingly are dying

https://www.youtube.com/watch?time_co
ntinue=23&v=qJXLq65dwN0 (Video Clip)
 Why are people leaving the country?

• Hyperinflation, violence, food &

medicine shortages
• Poor Governance system
• Unable to provide enough social
services
 How is the Venezuela Crisis Affecting
Children?

• Greater risk of hunger & death

• Face exploitation & harm
• 4,60,000 children need humanitarian
aid
• Girls face violence
 Economics Crisis

 Corruption

 Failed economics
policies

 Price control

 Taking over industries

 Business & Industries

Clorox, General Mills &

Kimberly Clark

AeroMexico, Air Canada &

Delta

Criminal activities

Part Shortages

Lack of maintenance
 GDP

 $276b in 2018

 GDP annual growth rate is -17%

 -25% in 2019
 Inflation

 282,972% in July 2019

 Highest was 344,509% in

Feb 2019
 Unemployment

 44% in 2019

 From 2016 no official

unemployment figures
 Debt

 National debt is US$105b

 Reserve is US$8b
 Energy Crisis

 Drought

 Lack of maintenance

 Lack of investment

 Blackouts
 2019 Political Crisis

Juan Guaido Nicolás Maduro

 Reasons for the Political Crisis

 Disputed results of the 2018

Venezuelan presidential election

 National Assembly’s declaration

against Maduro’s presidency

 The declaration of Supreme

Tribunal of Justice

 Guaidó’s declaration of acting

presidency
 Maduro’s Presidency

 Grossly mismanaging the

economy

 Plunging into a deep

“Humanitarian crisis”

 Crushing the opposition

 Using lethal force against

antigovernment protesters
United Socialist Party
of Venezuela
 Guaido’s Presidency

 Recognition of legitimacy from

60 governments worldwide

 Proposed Plan País

 Attempts to deliver
humanitarian aid to the country

 Appointed diplomats Popular Will

recognized by supportive Party
governments
 History of Venezuelan Oil Industry

 20% of global reserves

 Founding member of the OPEC

 10th highest in the world’s oil

production

 8th largest net oil exporter in

the world

 90% of the country’s foreign

currency income
Who Buys Venezuela’s Oil?
 Venezuela’s Oil Production falls as
US Embargo Deters Foreign Trade
 July’s production is 4% lower than in June

 German web hosting company Sedol

suspended all Venezuelan accounts

 Chinese investment for new blender plant

 US financial services firm Western Union

suspended all family remittances to
Venezuela

 Turkey’s Ziraat Bank closed all accounts

with Venezuela’s Central Bank
Fall of Oil Production