Center for Economic and Policy Research
Center for Economic and Policy Research
The crisis in Venezuela is unlikely to be resolved soon. Public pressure for diplomacy, negotiations, an end to sanctions and other illegal, coercive measures; and in favor of cooperation with other governments who share those goals is needed.
The new chief of the BRICS bloc’s New Development Bank, Brazil’s leftist ex-President Dilma Rousseff, revealed they are gradually moving away from the US dollar, promising at least 30% of loans in local currencies of members.
Having fought for labor rights under a dictatorship, the Brazilian president once again faces a violent far-right movement bent on blocking his pro-worker, pro-democracy agenda.
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