How Venezuela has – and hasn’t – changed since Maduro’s capture (Julia Buxton, May 8, 2026, The Conversation)
On the economic front, Rodríguez has implemented reforms at a greater pace. New laws and regulations reversing Chávez’s nationalisation drive are reopening key sectors of the economy to private investment. This includes hydrocarbons and mining.A recently unveiled Commission for the Evaluation of Public Assets will audit state ownership in other economic areas such as agriculture, manufacturing and infrastructure. A fire sale to the private sector is expected.
The discipline and political dominance of the PSUV machine have been put to good use here, waving through favourable terms and other confidence-building measures for investors. These include providing legal guarantees in what has long been a notoriously unpredictable economic environment, as well as access to international arbitration. Whether these measures encourage investment will become clear in the months ahead.
Rodríguez has also steered Venezuela back into the International Monetary Fund (IMF), ending a suspension that began in 2019 when the organisation ceased recognising Maduro’s government. Kristalina Georgieva, the IMF’s managing director, reports having “productive” conversations with Rodríguez.
The US president, Donald Trump, has praised Rodríguez for doing a “great job”. He has said she is working well with US representatives. But there are many disruptive challenges on the horizon for Rodríguez. In the short-term, there is a very real risk of protests. Venezuela remains in a political limbo with hopes of justice and democracy currently frustrated.The absence of demonstrations to date owes much to a lack of leadership on the ground. This is likely to change when opposition leader Maria Corina Machado, who the Maduro government barred from competing in the July 2024 presidential election, returns to the country. Machado has said she expects to be back in Venezuela before the end of 2026.