DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

VENEZUELA-Focus On US Reaction After Opposition Registers Pres. Candidate

LATAM
EM BulletHomepagemarkets-real-timePolitical RiskCommoditiesPolitical Risk BulletEnergy BulletsBulletEmerging Market NewsPolitical Market News

Venezeula's main opposition group, the Unitary Platform (PU) has, at the third attempt, been able to register a candidate for the upcoming presidential eleciton on 28 July. There has been significant focus on the registration of candidates, given that an open electoral process under the Barbados Agreement has been seen as a necessity for the US if it is not to re-impose sanctions on the Venezuelan O&G sector from 18 April. So far there has been no comment on the registration from US officials.

  • The PU's first-choice candidate, Maria Corina Machado, was barred from running by the country's top court. The alliance attempted to register second-choice candidate, Corina Yoris. However, the PU claimed that they were unable to access the automated enrollment platform by the stated deadline.
  • Following an extension to the dealine, the PU claims that it had “decided to provisionally register” Edmundo González Urrutia, aformer diplomat. If all members of the PU coalition can agree on a new candidate by the deadline of 20 April, González could be replaced on the ballot.
  • The gov't of President Nicolas Maduro has come in for criticism following the exclusion of Yoris from the ballot, and not just from Maduro's usual critics in the US. Left-wing gov'ts in both Brazil and Colombia each expressed their concern at developments.
  • Opposition 'A New Era' party leader Manuel Rosales is also on the ballot. Given that Rosales' party is part of the PU alliance it remains to be seen whether he stands down in order to avoid splitting the opposition vote.
256 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Venezeula's main opposition group, the Unitary Platform (PU) has, at the third attempt, been able to register a candidate for the upcoming presidential eleciton on 28 July. There has been significant focus on the registration of candidates, given that an open electoral process under the Barbados Agreement has been seen as a necessity for the US if it is not to re-impose sanctions on the Venezuelan O&G sector from 18 April. So far there has been no comment on the registration from US officials.

  • The PU's first-choice candidate, Maria Corina Machado, was barred from running by the country's top court. The alliance attempted to register second-choice candidate, Corina Yoris. However, the PU claimed that they were unable to access the automated enrollment platform by the stated deadline.
  • Following an extension to the dealine, the PU claims that it had “decided to provisionally register” Edmundo González Urrutia, aformer diplomat. If all members of the PU coalition can agree on a new candidate by the deadline of 20 April, González could be replaced on the ballot.
  • The gov't of President Nicolas Maduro has come in for criticism following the exclusion of Yoris from the ballot, and not just from Maduro's usual critics in the US. Left-wing gov'ts in both Brazil and Colombia each expressed their concern at developments.
  • Opposition 'A New Era' party leader Manuel Rosales is also on the ballot. Given that Rosales' party is part of the PU alliance it remains to be seen whether he stands down in order to avoid splitting the opposition vote.