Key facts
- Venezuela's debt overhaul is facing new controversy.
- The country has avoided economic collapse despite the removal of Nicolás Maduro.
- President Delcy Rodríguez has stabilized the domestic situation.
- Venezuela's oil industry is being reopened to American capital.
Despite expectations of economic collapse following the removal of Nicolás Maduro from power in Venezuela, the country has shown resilience. Unlike the aftermath of Saddam Hussein's removal in Iraq, where oil production fell by 36% and the economy shrank by almost a quarter, Venezuela has avoided a similar fate. President Delcy Rodríguez has been credited with stabilizing the domestic situation. Furthermore, she has rapidly reopened the country's oil industry to American capital. However, the article suggests that new controversies are emerging regarding Venezuela's debt overhaul.