Story perspectives

Venezuela's Leader Eyes Economic Reforms Amid Political Resistance

1/29/2026

Summary

Story summary

Delcy Rodríguez, Venezuela's interim leader, intends Deng Xiaoping-style economic reforms to revive the economy.
She plans to revamp oil laws to attract foreign investment and deepen ties with the United States.
Analysts say reform is necessary, but political change may be limited as the ruling elite resists ceding power.
Critics warn a China-style opening could undermine Venezuelan democracy, and many doubt the reforms will work in this uninvestable country.

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Story summary

Delcy Rodríguez, Venezuela's interim leader, intends Deng Xiaoping-style economic reforms to revive the economy.
She plans to revamp oil laws to attract foreign investment and deepen ties with the United States.
Analysts say reform is necessary, but political change may be limited as the ruling elite resists ceding power.
Critics warn a China-style opening could undermine Venezuelan democracy, and many doubt the reforms will work in this uninvestable country.