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Venezuela Announces Wage Hike Amid Improved U.S. Relations

4/9/2026

Summary

Story summary

Delcy Rodríguez, Venezuela's Acting President, announced a wage increase for workers effective May 1, 2026.
She did not specify the raise amount.
Rodríguez said the wage increase would come from oil and mining growth and factor inflation.
Rodríguez called to end United States sanctions after improved relations following the capture of President Nicolas Maduro.
The government will not privatize Petróleos de Venezuela, S.A. (PDVSA), despite moves to attract private investment.

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Story summary

Delcy Rodríguez, Venezuela's Acting President, announced a wage increase for workers effective May 1, 2026.
She did not specify the raise amount.
Rodríguez said the wage increase would come from oil and mining growth and factor inflation.
Rodríguez called to end United States sanctions after improved relations following the capture of President Nicolas Maduro.
The government will not privatize Petróleos de Venezuela, S.A. (PDVSA), despite moves to attract private investment.