American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Latest News

Venezuelans vote in crucial election as opposition challenges Maduro

by admin July 28, 2024
July 28, 2024
Venezuelans vote in crucial election as opposition challenges Maduro

Venezuelans headed to the polls on Sunday to vote in a highly consequential presidential election where the country’s longtime strongman, Nicolas Maduro, will face one of his greatest political challenges yet, say analysts.

Maduro, who took the mantle of the ruling Chavismo movement after his predecessor Hugo Chavez’s death in 2013, is seeking his third consecutive six-year term in office. Of the nine other candidates running for the presidency, his biggest challenger is a unified opposition movement that overcame their divisions to form a coalition known as the Democratic Unitary Platform.

The opposition movement has maintained its momentum despite sustained government repression, in which their first-choice candidate, María Corina Machado, was disqualified from running. Machado, an avowed capitalist who has promised privatization of several state industries, has since rallied for her replacement, the soft-spoken former diplomat Edmundo González Urrutia.

The vote has come at a crucial moment for Venezuela, which has experienced violent repression under Maduro’s watch and the worst economic collapse of a peacetime country in recent history. The oil-rich nation, once the fifth-largest economy in Latin America, has seen its economy shrink in the last decade to the equivalent of a medium-sized city, according to data from the International Monetary Fund. 

Punishing sanctions on the regime by the United States and European Union have failed to topple the populist incumbent, who argues that Venezuela’s woes are due to being a victim of an “economic war.”

Around eight million Venezuelans have fled the country amid shortages of vital goods and soaring inflation.

There has been mounting concern that the opposition will not see a fair contest as Maduro’s government controls all public institutions in Venezuela and has been accused of rigging previous votes, which it denied. Experts note, however, that concerns of vote tampering may be mitigated by the planned presence of opposition party representatives at each polling station.

The election campaign has seen at least 71 people arbitrarily detained – the majority of whom provided some sort of service to the opposition – and a dozen online media outlets blocked within the country, according to human rights organization Laboratorio de Paz.

The government has also created significant impediments for the millions of Venezuelans abroad to vote, including widely unattainable passport and residency requirements.

A limited group of election observers, including a team from The Carter Center – a non-profit organization set up by former US President Jimmy Carter – will be on the ground. But several international election observers have announced this week that they will no longer travel to Venezuela to monitor the vote.

Latin American leaders, including Brazilian President Luiz Inácio Lula da Silva, have called on Maduro to commit to stepping down if he loses. Venezuelan opposition figures have also appealed to the country’s military, that has long supported Maduro and his predecessor, to respect the results. The Venezuelan leader has said his victory will ensure “peace” in the country.

How the army reacts to the outcome could be an important factor in any scenario, but analysts say it impossible to parse where it stands.

Polls will close at 6 p.m ET.

This post appeared first on cnn.com

0
FacebookTwitterGoogle +Pinterest
previous post
Israel says Hezbollah will ‘pay the price’ after blaming it for attack on soccer field that killed 12 children
next post
US Defense Secretary Austin to hold trilateral meeting with Japanese, South Korean counterparts in Tokyo, first in 15 years

Related Posts

‘We are happy he’s buried in Mecca,’ says...

June 24, 2024

Onwards and upwards?

February 22, 2025

Team of international medics trapped at Gaza’s European...

May 23, 2024

Beachgoer swept away on floating ring survives 36-hour...

July 13, 2024

Putin set to sweep to fifth term as...

March 15, 2024

Are investors overlooking financial stocks in favor of...

October 15, 2024

NASA says it expected space station garbage to...

April 18, 2024

Restraint or retribution? Israel faces dilemma in its...

April 17, 2024

South Africans go to the polls in election...

May 31, 2024

Italy grapples with its patriarchal history as femicide...

March 10, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Why Asia is quietly turning its back on US dollar

      May 11, 2025
    • President Trump floats 80% tariff on Chinese goods ahead of key trade talks

      May 11, 2025
    • UK’s Crown Estate clears offshore wind expansion to raise energy output

      May 11, 2025
    • What extended conflict between India and Pakistan could cost their economies

      May 11, 2025
    • CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

      May 10, 2025

    Categories

    • Business (2,812)
    • Investing (2,367)
    • Latest News (1,984)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved