Venezuela is a federal republic located on the northern coast of South America. The world's largest oil reserves were discovered in the early 20th century.
The recovery of oil prices in the early 2000s gave Venezuela an economic boost. The government of Victor Chavez in Caracas then established populist policies that initially boosted the economy and increased social spending, significantly reducing economic inequality and poverty. These policies later became controversial since they destabilized the nation's economy, resulting in hyperinflation, an economic depression and a drastic increase in poverty. Here you can find an automatic compilation of all DW content on Venezuela.
Lawmakers from Venezuela's opposition have denounced government security forces for using excessive force during a raid on an apartment complex in the capital. Nearly two dozen people were arrested in the raid.
Venezuela used to be one of South America’s richest nations thanks to its vast oil reserves, but now it’s close to economic and political meltdown. Severe shortages in food and medicine, political violence and hyperinflation are forcing thousands to seek shelter in neighboring countries like Colombia.
Venezuela’s severe economic and political crisis is threatening its prestigious musical education system, which has produced, among others, classical conductor Gustavo Dudamel. The program offers free musical education to hundreds of thousands of students. But now the program faces sharp challenges.