ASSESSMENTS

Rumors of a Political Reshuffle in Venezuela Prelude Contentious Reforms

Jul 9, 2014 | 15:01 GMT

Rumors of a Political Reshuffle in Venezuela Prelude Contentious Reforms
Rafael Ramirez, Venezuela's energy minister and president of state-owned oil company PDVSA, in Caracas on June 27.

(FEDERICO PARRA/AFP/Getty Images)

Summary

Following weeks of unconfirmed reports in the Venezuelan media that Rafael Ramirez, a powerful bureaucrat and businessman, could be appointed as the country's next vice president, Venezuelan President Nicolas Maduro announced July 8 that Ramirez would remain at his post as the head of Venezuela's state-owned energy firm. Regardless of the position he occupies in the Venezuelan government, Ramirez will likely oversee the adoption of economic reforms that have the potential to alienate Maduro's supporters, creating more tension for the embattled government.

Even if Rafael Ramirez does not become vice president, he will still be at the helm of enacting unpopular economic reforms. ...

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