Former Minister of Electrical Energy Hector Navarro (2012-2013) told Aporrea in an interview published yesterday that he believes the Bolivarian revolution “fell into a trap of accumulation”, and that while it was able to capture a great deal of income from oil sales, it was unable to “generate affluence”. Navarro said that the mismanagement of oil wealth has helped to cause the “important crisis” the country is experiencing today.

Navarro also leveled criticism at the post-Chavez PSUV. He explained that he is under the impression that the national leadership of the party has not met in at least eighteen weeks, in sharp contrast to the weekly meetings Chavez demanded. This, Navarro argues, is sign of a “hegemonic crisis”, which along with the economic issues facing the country, have led to people becoming dissatisfied with the Bolivarian revolution.

Citing “nepotism inside the PSUV and inside the government”, Navarro said that Maduro’s mismanagement of the country is having the effect of “putting an end to the revolution from the inside”, and that he believes that PSUV politicians are more worried about their own personal agendas than they are about winning the parliamentary elections.

Navarro also criticized the fact that the PSUV is so unwilling to accept criticism that party insiders who might have genuine suggestions for improvement are essentially being silenced, and that the PSUV under Maduro has “taken actions that go against democracy in the party”.

CNE Rejects 283 Parliamentary Elections Candidates

Tibisay Lucena, the head of the Consejo Nacional Electoral [National Electoral Council] (CNE) announced today that it had rejected 283 candidates who hoped to run in the December 6 parliamentary elections.

Lucena explained that her organization had received applications to run from 3,504 candidates, out of which 283 had been rejected. Lucena said that the identities of the rejected candidates would be made public soon.

Eight Officers Linked to Execution Video Arrested

Attorney General Luisa Ortega Diaz announced today that eight Aragua state police officers have been arrested for executing four suspects, the last of which was captured on video. Ortega said that the officers had been charged with the equivalent of first degree murder.

Diaz also said that she had ordered “an immediate inspection” into the Aragua state police in order to “correct deviations” in the service.

Diaz’s announcement comes after Aragua state governor Tareck El Aissami condemned the executions and called for a thorough review of the police body.

BCV Reduces ATM Withdrawal Limits

The Banco Central de Venezuela reduced the daily maximum amount of money Venezuelans can withdraw in cash from automated teller machines to Bs. 3,000. Before today’s the reduction, the limit was Bs. 5,000.

The put the figure in perspective, the monthly minimum wage in Venezuela is Bs. 7,421.66. At the current black market rate (Bs. 676.88/U.S Dollar), the new limit is approximately $4.43.

CENCOEX Puts $150,000,000 Up for Auction

The Centro Nacional de Comercio Exterior [National Center for Foreign Commerce] (CENCOEX) announced today that it was putting the $150,000,000 Maduro allocated for agricultural machinery up for auction today. The announcement means that Venezuelan entities can bid on the money through the body as long as the meet certain requirements, including:

  • Being a legal person (including corporations) and resident of Venezuela.
  • Corporations must have been existence for at least 24 months.
  • Corporations must have a history of importing agricultural machinery/repairs parts.

The full list of requirements can be found here.

Questions/Comments? E-mail me: invenezuelablog@gmail.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.