At a moment of rare transition for the country. Plasencia’s role pivotal to normalizing relations with the United States and re-engaging with institutions like the World Bank, he will be a primary architect of that process.

Two of the top financial multilateral organizations in the world, the IMF and the World Bank, have re-established relations with the Venezuelan interim government

House Foreign affairs member Sydney Kamlager-Dove (D-CA) grills Michael Kozak, Senior Bureau Official at the Bureau of Western Hemisphere Affairs as to the status of the 3 billion dollars collected by the US from Venezuelan Oil sales.

In a recent analysis, the Atlantic Council argues that Venezuela has entered a critical but time-sensitive phase, where economic opportunity is emerging despite political uncertainty. The report frames the country as a “winnable” strategic challenge but warns that delay risks entrenching opaque economic networks rather than enabling broad recovery. —the window is open, but it will not remain so indefinitely.

Why many believe Venezuela is positioned to experience one of the fastest economic recoveries in modern history. Once one of Latin America’s wealthiest countries, the nation experienced a contraction so severe that economists often compare it to the devastation typically associated with war. Output fell by more than two-thirds, hyperinflation destroyed savings, public services deteriorated, and more than seven million Venezuelans emigrated in search of stability

At the World Economic Forum in four leading Venezuela experts from Harvard, Columbia, and Oxford challenged a core assumption shaping U.S. policy: that Venezuela’s path should follow a sequence of stabilization → recovery → transition. They argue that phase 2 and 3 should be reversed.