International
Venezuela’s Maduro to resume talks with opposition Friday
| By AFP | Esteban Rojas with Lina Vanegas en Bogota |
Venezuelan President Nicolas Maduro’s government will resume talks with the opposition Friday after more than a year in a bid to resolve a political crisis that has gripped the country since a contested 2018 election.
Formal negotiations between the two sides last took place in October 2021 in Mexico, and international efforts have mounted in recent months to get the talks back on track.
The opposition is seeking free and fair presidential elections, next due in 2024, while Caracas wants the international community to recognize Maduro as the rightful president and lift sanctions.
“Dialogue between Maduro’s government and the Venezuelan opposition will resume on the 25th and 26th of November,” Colombia’s President Gustavo Petro wrote on Twitter.
Venezuela opposition leader Juan Guaido’s office, however, tweeted that “information about a possible agreement and restart of the negotiations will be announced by official sources,” or by “the facilitating country, Norway.”
“Speculation hinders the possibility of a deal,” the office said.
While Colombia’s Petro did not specify where the talks would take place, a Venezuelan opposition source close to the negotiations told AFP the delegations would meet in Mexico City on Friday.
Venezuela was already facing a severe economic crisis and a brutal government crackdown on protests when a contested presidential election in 2018 plunged it into a political impasse.
Maduro declared himself the victor of the poll, which was widely seen as fraudulent, prompting massive protests.
Meanwhile, almost 60 countries, including the United States, recognized opposition leader Guaido as Venezuela’s acting president.
The US and the European Union imposed painful sanctions on Venezuela, worsening an economy that has seen roaring inflation in recent years, prompting millions to flee the country.
One measure prevented Venezuela from trading its crude oil — which accounted for 96 percent of the country’s revenues — on the US market.
Ukraine war sparks new impetus
After two prior negotiation efforts failed, the most recent round of talks between the government and opposition started in August 2021 in Mexico.
However, Maduro suspended the negotiations two months later in retaliation for the extradition to the United States by Cape Verde of Alex Saab, a Colombian national accused of acting as a money launderer for the Venezuelan socialist leader.
Earlier this month, negotiators for both sides met in Paris under the mediation of French President Emmanuel Macron.
International efforts to resolve the Venezuelan crisis have gained strength since Russia’s invasion of Ukraine and the pressure it has placed on global energy supplies.
US President Joe Biden’s administration announced in May it would ease some sanctions as energy prices surged due to the war.
At the same time, Guaido’s influence has ebbed, and he has lost key allies both at home and in the region, where many countries have since elected leftist presidents.
Colombia’s Petro has become a new actor in the talks since becoming his country’s first leftist president in August.
He has worked to improve his country’s relationship with Venezuela, resuming diplomatic ties for the first time since 2019, when former president Ivan Duque refused to recognize Maduro’s election.
Venezuela is now also hosting peace talks between the Colombian government and the last official rebel group in the country, the National Liberation Army.
International
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.
“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.
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.
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