Venezuela’s opposition announces presidential primaries for 2023

AFP

Venezuela’s main opposition on Monday announced primaries in 2023 to elect a single candidate to stand against incumbent Nicolas Maduro in the country’s next presidential election.

The opposition last held primaries in 2012 when candidate Henrique Capriles romped to victory before he was beaten by the late Hugo Chavez in the presidential election.

Following Chavez’s death, Capriles stood again as opposition candidate the next year against Maduro. However, the opposition boycotted the last elections in 2018.

“The presidential candidate of the democratic forces will be elected by a broad and plural primary process that will take place in 2023,” the main opposition parties said in a statement.

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The presidential election is scheduled for 2024, six years after Maduro won a second successive term in the largely boycotted 2018 vote.

Dozens of countries, led by the European Union and United States, joined the opposition in rejecting the result of the election and accusing Maduro of fraud.

That rejection led to opposition leader Juan Guaido in January 2019 using his position as assembly speaker to declare himself acting president, quickly garnering the support of almost 60 countries.

However, Maduro has crucially kept control of Venezuela’s institutions, including the influential military.

A source has said Guaido has not ruled out running in the primaries.

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“As Venezuelans, we need a presidential election,” Guaido tweeted, saying such a vote could mean “the end of the dictatorship and the return of democracy.”

“We are taking steps to demand a date and conditions for a free and fair election,” he said.

No date has yet been set for the 2024 elections by the top electoral body, which is controlled by Maduro loyalists.

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.