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Wilson Center

How the Trump Administration's Venezuela Policy Just Doesn't Add Up

Wilson Center
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75% Informative

President Trump signed an executive order that prohibited all U.S. economic transactions with Venezuelan government entities.

The Office of Management and Budget froze new obligations of what could amount to billions of dollars in international spending for development assistance, global health, and support for UN agencies and peacekeeping.

Meanwhile, Assistant Secretary of State for Western Hemisphere Affairs Kimberly Breier resigned, reportedly after clashes with the White House over immigration policy.

Even before the announcement of additional sanctions, the IMF projected that Venezuela ’s economy would shrink by an additional 35 percent this year .

A 2018 survey by leading Venezuelan universities puts the poverty rate at above 90 percent , with households unable to meet basic nutritional needs.

As of July 31, 2019 , the international community had provided only 23.9 percentless than a quarter —of the funds needed for regional refugee assistance.