Tag Archives: Venezuela

World Bank ready to help Venezuela if asked: Latam chief

Venezuelan flags are seen during an opposition rally in Caracas, Venezuela, April 8, 2017. REUTERS/Christian Veron - RTX34Q8A

By David Lawder

WASHINGTON (Reuters) – The World Bank Group stands ready to assist Venezuela, a member and shareholder of the institution, if the government asks for help in dealing with a punishing economic crisis, the bank’s top executive for Latin America said.

Jorge Familiar, World Bank vice president for Latin America and the Caribbean, told Reuters in an interview on Monday that the bank has had no engagement with Venezuela since it paid off past loans in 2008 under the late former President Hugo Chavez.

But Familiar said the bank’s officials have been intensely watching growing shortages of food and medicine this year as the oil exporting country sinks deeper into recession, sparking violent protests.

Familiar said that the multilateral lender would be ready to develop an engagement program for Venezuela, but it would need to be “invited” to do so by President Nicolas Maduro’s government.

“As with all shareholders of the institution, if the situation were to arise, we would be ready to engage with Venezuela,” Familiar said. “What we would need is for them to call us.”

On Tuesday, Familiar said that there would be many steps required before a World Bank loan to Venezuela could be discussed, including re-establishing a dialogue with government officials and providing technical assistance and analysis.

“We are far off from lending to Venezuela,” he said. “We could have a conversation that would start on the analytical front.”

Last year, the World Bank approved $2.5 billion in new credit lines for Peru to backstop the country’s financial plans amid falling revenues as commodity prices slumped.

The credit lines carry reform requirements under World Bank programs to support improvements in public expenditure management, public education and to streamline the formation of new private companies.

Familiar said Peru was meeting benchmarks for that program.

Venezuela was the outlier on Tuesday when the World Bank released its latest economic forecasts for Latin America and the Caribbean, predicting that regional growth would turn positive, to 1.5 percent in 2017 as recessions end in Brazil and Argentina, after a regional decline of about 1 percent in 2016.

The World Bank forecast that Venezuela’s growth would fall by 3.1 percent in 2017 after a spectacular 12 percent drop in 2016. It forecast that Venezuela would start to recover by 2018, with 0.6 percent growth amid firmer oil prices, but lag far behind regional growth of about 2.5 percent for 2018.

(Reporting by David Lawder; Editing by Dan Grebler)

Venezuelan opposition to hold ‘mother of all marches’ against Maduro

FILE PHOTO: An opposition supporter waves a Venezuelan flag during a gathering against Venezuela's President Nicolas Maduro's government in Caracas, Venezuela April 15, 2017. REUTERS/Carlos Garcia Rawlins

By Brian Ellsworth and Diego Oré

CARACAS (Reuters) – Venezuela’s opposition says it will stage the “mother of all marches” on Wednesday, accusing President Nicolas Maduro of resorting to dictatorial measures to quash popular outrage over a deepening economic crisis.

In the culmination of a fortnight of violent demonstrations that killed five people, marchers around the country will demand the government present a timeline for delayed elections, halt a security crackdown on protests, and respect the autonomy of the opposition-led legislature.

Maduro, who says recent protests have been little more than opposition efforts to foment violence and topple his government, has called on sympathizers of the ruling Socialist Party to hold a competing march in Caracas.

“This is a government in its terminal phase,” two-time presidential candidate Henrique Capriles told Reuters on Tuesday evening.

“This is going to escalate … and force Maduro, and his regime, to hold free and democratic elections.”

Venezuelans have for years been furious about a collapsing economy in which basic food products are a struggle to obtain and triple-digit inflation is steadily eroding consumer spending power.

But a Supreme Court decision in March to assume the powers of the opposition-led Congress sparked a wave of protests that have not ebbed, even though the court has partly reversed the measure in the face of international condemnation.

Further spurring outrage was a decision by the national comptroller’s office earlier this month to disqualify Capriles from holding office for 15 years, dashing his hopes for the presidency.

The elections council, which is sympathetic to the government, has delayed votes for state governors which were supposed to take place last year. The opposition says this is because the ruling Socialist Party is likely to fare poorly in such a vote.

“QUICK SOLUTION”

Eleven Latin American countries issued a joint statement this week calling on authorities to set a time frame for elections to “allow for a quick solution to the crisis that Venezuela is living through.”

Marches have repeatedly ended in clashes between demonstrators and security forces, with rock-throwing youths squaring off against tear-gas-lobbing security forces in confused melees that drag on well into the evening.

The opposition will congregate at more than two dozen meeting points around Caracas and attempt to converge on the office of the state ombudsman, a guarantor of human rights.

Previous efforts to march there have been blocked by the National Guard, resulting in clashes. As has become common in recent weeks on protest days, Venezuelan authorities will close 27 metro stations and likely set up checkpoints to slow entry to the city.

Socialist Party officials dismiss the opposition marches as efforts to destabilize the government, pointing to protester barricades and vandalism, and have called on supporters to rally around Maduro.

“The great Chavista mobilization toward Caracas has begun,” wrote Socialist Party Vice President Diosdado Cabello on Twitter, referring to late socialist leader Hugo Chavez.

“Let’s all go conquer the peace, defend the fatherland, the constitution, the revolution.”

But pro-government marches no longer have the fervor or numbers of those of Maduro’s predecessor. Opposition leaders also accuse the government of infiltrating marches with violent protesters as a way of discrediting them.

(Reporting by Brian Ellsworth; Editing by Girish Gupta, Christian Plumb and Lisa Shumaker)

Venezuela opposition plans nationwide protests to strain security forces

Demonstrators rally against Venezuela's President Nicolas Maduro carrying a sign that reads "No more dictatorship" in Caracas, Venezuela, April 13, 2017. REUTERS/Carlos Garcia Rawlins

By Alexandra Ulmer

CARACAS (Reuters) – Venezuela’s opposition was planning protests in each of the country’s 335 municipalities on Thursday, in a bid to strain the capabilities of security forces as unrest mounted in the volatile nation.

The oil-rich but crisis-shaken South American country has been convulsed by escalating protests over the last two weeks amid a punishing economic recession and accusations that leftist President Nicolas Maduro has morphed into a dictator.

In a worrying sign for Maduro, people in usually pro-government slums and low-income areas have blocked streets and lit fires during scattered protests this week. A crowd also broke through a security cordon at his rally on Tuesday, heckling at him and throwing stones while bodyguards scrambled.

Four people were killed during protests over the last week, authorities say. Opposition lawmaker Alfonso Marquina said on Thursday a fifth protester had died.

With momentum on their side, the main opposition coalition was urging Venezuelans to take to the streets across the country on Thursday in an effort to leave security forces too thinly spread to break up rallies.

They accuse police and the National Guard of indiscriminate use of tear gas, including gassing clinics and dropping canisters from a helicopter, and of arbitrarily detaining people for simply being within the vicinity of protests.

“This is a struggle of resistance, whose fundamental objective is to wear them out, and see who breaks first,” said opposition lawmaker Freddy Guevara in a video posted on Twitter.

“Will it be our desire to fight or theirs to repress? Will it be our desire to have a better Venezuela or theirs to obey the dictatorship?”

The opposition says Maduro made it clear to the world he was a dictator when the Supreme Court in late March assumed the functions of the opposition-led congress.

Amid global outcry, the court quickly rolled back the most controversial part of its decision, but the move breathed new life into the fractured opposition movement and comforted demonstrators that they had international support.

Last week’s move to ban opposition leader Henrique Capriles from holding office for 15 years also fueled demonstrators’ outrage. Capriles is seen as the opposition’s best presidential hope.

UNREST

Alongside planned opposition marches that have dissolved into clashes, there have also been what witnesses and local media describe as impromptu nighttime protests, where neighbors block streets with trash or burning debris.

Looting has been reported too, especially in the working class community of Guarenas outside Caracas.

While opposition leaders have called for protests to remain peaceful, Maduro’s government has claimed that a business-backed opposition is actually pushing for violence to justify “foreign intervention.”

Maduro has drawn parallels with a brief coup against his predecessor – the late Hugo Chavez – in 2002, and warned that an opposition government would slash social benefits like health care for the poor and subsidized food.

The opposition has responded that any social advances made under Chavez have been wiped out by a devastating economic crisis that has brought widespread shortages of food and medicine.

Some in the opposition accuse “colectivos,” militant grassroots groups whom critics say are thugs paid by the government, of looting and violence to taint the opposition.

Many Venezuelans still worry protracted protests will not bring about political or economic change, but will just increase violence in the already volatile nation.

Major anti-government protests in 2014 eventually fizzled out, though the opposition at the time had nebulous demands, poor neighborhoods largely abstained, and the economy was in better shape.

Venezuelans are gearing up for next Wednesday, when opposition leaders have called for the “mother of all marches.”

(Writing by Alexandra Ulmer; Editing by Bernadette Baum)

Venezuela protests spread to poor areas, two more deaths amid unrest

Riot police fire tear gas during a rally against Venezuela's President Nicolas Maduro's government in Caracas, Venezuela April 10, 2017. REUTERS/Christian Veron

By Alexandra Ulmer and Corina Pons

CARACAS (Reuters) – Venezuelans in poor areas blocked streets and lit fires during scattered protests across the country on Tuesday night, and two people were killed during the growing unrest in the midst of a crippling economic crisis.

In a worrying sign for leftist President Nicolas Maduro, groups in Caracas’ traditionally pro-government hillside slums and low-income neighborhoods took to the streets, witnesses and opposition lawmakers reported.

Maduro foes were galvanized by footage of a crowd in the south-eastern Bolivar state heckling and throwing objects at the closely-protected leader during a rally on Tuesday, before state television cut off the broadcast.

In the western Lara state, two people, aged 13 and 36, were killed during unrest on Tuesday, the state prosecutor’s office said in a statement. Lara’s opposition governor Henri Falcon blamed violence on “infiltrators” and “delinquents” who roamed on motorcycles after an energy blackout.

“They go by neighborhoods and shoot people who are protesting,” said Falcon, a former member of the ruling party, urging a negotiation to end Venezuela’s political crisis.

The opposition says Maduro, a former bus driver and union leader who took office four years ago, has morphed into a dictator after a Supreme Court decision in late March to assume the functions of the opposition-led congress.

The court quickly overturned the most controversial part of its decision, but the move breathed new life into the fractured opposition movement.

Two young men had already been killed in protests during the last week, according to authorities. Many are bracing for further violence in a country that is racked by crime and has one of the world’s highest murder rates.

Witnesses said residents of a number of working-class Caracas neighborhoods blocked streets with trash or burning debris on Tuesday night, describing confused street melees and clashes with security forces. The capital appeared calm on Wednesday, although some roads were charred and littered with broken glass.

Government officials did not provide an official account of the events, and the Information Ministry did not respond to an email seeking comment.

Maduro has said that under a veneer of pacifism, a U.S.-backed right-wing opposition is encouraging violent protests in a bid to topple his government and get its hands on Venezuela’s oil wealth.

On Wednesday night, he said the heckling incident a day earlier in the city of San Felix was an opposition attempt to “ambush” him that was thwarted by his loyalists.

“They had prepared an ambush and the people neutralized it,” he said. “I want to thank the people of San Felix for their expressions of fervor, passion, love and support.”

“MADURO DICTATOR”

Maduro’s adversaries are demanding the government call delayed state elections, which polls suggest would not go well for the ruling Socialists. They also want an early presidential vote after authorities quashed a recall referendum against Maduro last year.

A ban on opposition leader Henrique Capriles from holding office for 15 years drew broad criticism as he was seen as the opposition’s best presidential hope.

But it is Venezuela’s extended economic crisis that has ordinary people fuming.

Venezuelans have been suffering food and medicine shortages for months, leading many to skip meals or go without crucial treatment. Lines of hundreds form in front of supermarkets as people jostle for hours under the hot sun hoping price-controlled rice or flour will be delivered.

The crisis has especially hurt the poor, long the base of support of Maduro and his predecessor the late Hugo Chavez.

Protesters say they have also been encouraged by stronger condemnation from American and European nations in the last two weeks.

“We cannot accept that the regime is willing to sacrifice Venezuelan lives to remain in power,” said Luis Almagro, the head of the Organization of American States, in a video posted on Wednesday, urging elections.

Another round of protests are planned for Thursday in Venezuela’s more than 300 municipalities. Opposition leaders are calling for the “mother of all marches” on April 19.

ARRESTS, LOOTING

Amid what the opposition coalition says is a crackdown on dissent, some 71 people were arrested on Tuesday, according to rights group Penal Forum.

In total, 364 people were arrested between April 4-12 during the most sustained protests since 2014, with 183 people still behind bars, the group added.

A group of young men and teenagers were arrested for throwing “sharp objects” against Maduro’s vehicle on Tuesday night, according to a report by a local National Guard division seen by Reuters. Two sources told Reuters the protesters were hurling stones.

Local media reported lootings overnight in the working class bedroom community of Guarenas outside Caracas, as well as in parts of the capital.

State officials have tweeted images and videos of demonstrators vandalizing public property and throwing rocks at police.

Despite the spiking tensions, many in the opposition worry extended protests will not spur early or fair elections, but rather increase clashes in the already turbulent country.

Major anti-government protests in 2014 eventually floundered, though the opposition at the time did not have as clear-cut demands, poor neighborhoods largely abstained, and the economy was in better shape.

(Additional reporting by Eyanir Chinea, Brian Ellsworth, Diego Ore, Miguel Angel Sulbaran, Liamar Ramos, Maria Ramirez, Deisy Buitrago and Mircely Guanipa; Writing by Alexandra Ulmer; Editing by Andrew Hay and Michael Perry)

Venezuela’s Maduro jeered by crowd as unrest grows

Demonstrators clash with riot police while ralling against Venezuela's President Nicolas Maduro's government in Caracas,

By Maria Ramirez and Alexandra Ulmer

SAN FELIX, Venezuela/CARACAS (Reuters) – Angry Venezuelans threw objects at President Nicolas Maduro during a rally on Tuesday, as protests mount against the unpopular leftist leader amid a brutal economic crisis and what critics say is his lurch into dictatorship.

State television footage showed a crowd mobbing the vehicle that Maduro was standing on as he waved goodbye at the end of a military event in San Felix, in the south-eastern state of Bolivar. Amid the commotion, people threw objects at Maduro, who was wearing a traditional Venezuelan suit and a yellow-blue-red presidential sash, while his bodyguards scrambled.

The state broadcaster then halted transmission.

In a separate video shared on social media, voices yelling “Damn you!” were heard as the vehicle apparently transporting Maduro, a former bus driver and union leader, tried to make its way through the crowd.

Five males, aged 15, 17, 18, 19 and 20, were arrested for throwing “sharp objects” against Maduro’s vehicle, according to a report by a local National Guard division seen by Reuters on Tuesday night.

Further details were not immediately available. The Information Ministry did not respond to a request for information, although Socialist Party officials tweeted that Maduro had been received by a cheering crowd in San Felix.

However, the opposition, which has been protesting in the last two weeks to demand early elections, pounced on the incident as evidence that Maduro is deeply despised amid food shortages and spiraling inflation.

“The DICTATOR only needs to leave Miraflores (presidential palace) to see how the people repudiate him!” opposition lawmaker Francisco Sucre, from the state of Bolivar, said on Twitter amid a flurry of commentary on social media.

“They cannot give a standing ovation to the man responsible for the worst humanitarian crisis in our history!” Sucre added.

The incident drew immediate parallels with last year, when authorities briefly rounded up more than 30 people on Margarita island for heckling Maduro, a rare sight given that the president’s appearances typically are carefully choreographed and show only cheering supporters wearing red shirts.

Videos published by activists at the time showed scores of people banging pots and pans and jeering Maduro during a visit to inspect state housing projects. Authorities later accused opponents of “manipulating” videos.

Venezuela's President Nicolas Maduro (2nd L) in San Felix, Venezuela

Venezuela’s President Nicolas Maduro (2nd L) in San Felix, Venezuela April 11, 2017. Miraflores Palace/Handout via REUTERS

TWO DEATHS

Venezuela’s opposition on Tuesday pilloried what it says is repression during anti-Maduro protests after authorities confirmed a second death in unrest in the last week.

The state prosecutor’s office said in a statement on Tuesday that a 20-year old man had been fatally shot in the neck on Monday night at a protest in the city of Valencia. Opposition lawmakers said the man, Daniel Queliz, was killed by security forces while he was protesting.

His death comes on the heels of the killing of 19-year-old Jairo Ortiz on the outskirts of Caracas on Thursday in the area of an opposition protest. A police officer has been arrested.

After years of protesting with little results, street action had ebbed until a Supreme Court decision in late March to assume the functions of the opposition-led congress sparked outcry, with condemnation at home and abroad.

The court quickly overturned the most controversial part of its decision. News that the national comptroller on Friday had banned high-profile opposition leader Henrique Capriles from office for 15 years drew broad criticism, too.

Venezuelans have been suffering food and medicine shortages for months, leading many to skip meals or go without crucial treatment.

Opposition leaders announced another round of protests in Venezuela’s more than 300 municipalities for Thursday, saying scattered demonstrations would stretch security forces thin.

Maduro says that under a veneer of pacifism, the opposition is actually encouraging violent protests in a bid to topple his government.

State officials via social media have shown images and videos of demonstrators vandalizing public property and throwing rocks at police.

“Who is taking responsibility for damage to public property and persons?” Defense Minister Vladimir Padrino said on Twitter, posting pictures of demonstrators kicking police officers and breaking into an office of the Supreme Court. “What is their agenda? Terrorism, chaos, death?”

Most of the protesters are peaceful and say street action is their only option after authorities last year blocked a recall referendum to remove Maduro. Local elections, due last year, have yet to be called.

Still, many Venezuelans are pessimistic that street protests will yield any change, while others abstain out of fear of violence or because they are too busy searching for food.

(Additional reporting by Brian Ellsworth and Diego Ore; Writing by Alexandra Ulmer; Editing by Lisa Shumaker and Leslie Adler)

Venezuelan opposition protests again amid sustained anti-Maduro demonstrations

Demonstrators build a fire barricade on a street in Caracas, Venezuela

By Eyanir Chinea and Alexandra Ulmer

CARACAS (Reuters) – Venezuelan opposition supporters took to the streets again on Monday to protest a grinding economic crisis and an erosion of democracy under leftist President Nicolas Maduro, in the first sustained wave of anti-government demonstrations in three years.

Venezuelans have been irate for months over shortages of basic goods and roaring inflation that have led to millions skipping meals or surviving on starches.

But demonstrations had ebbed amid protester fatigue, until a Supreme Court decision in late March to assume the functions of the opposition-led congress sparked outcry.

The court quickly overturned the most controversial part of its decision but the move triggered condemnation at home and abroad, as did Friday’s news that the national comptroller had banned politician Henrique Capriles – seen as the opposition’s best hope in a presidential election scheduled for next year – from office for 15 years.

Four nationwide protests in the last 10 days degenerated into clashes between youths throwing stones and security forces spraying crowds with tear gas. On Monday, there were protests in several cities. A few thousand people marched in Caracas but authorities blocked the highway and fired tear gas.

“It’s working, the government is scared and making mistakes like banning Capriles, because that generates more support for him,” said homemaker Imelda Guerrero, 66, who said her three children have emigrated due to the crisis.

“But this is will be a long struggle, it’s only just starting,” she added in Caracas.

The opposition is demanding a date for gubernatorial elections, meant to be held last year, and is seeking early presidential elections.

Despite the surge in protests, many Venezuelans are pessimistic that marches can bring about change, scared of violent clashes, or simply too busy trying to find food.

ARRESTS, FOREIGN PRESSURE

Maduro’s unpopular government accuses the opposition of fomenting violence to lay the ground for a foreign invasion.

Some 188 protesters, most of them students, were arrested in the period April 4-8 and 57 are still behind bars, rights group Penal Forum said on Monday.

Nine people, including two teenagers, were arrested for breaking into an office of the Supreme Court and vandalizing it at the end of Saturday’s march. And a 19-year-old was shot dead in violence around protests on Thursday.

The government has come under increased pressure from American and European countries that have condemned violence in Venezuela and the ban on Capriles.

Maduro, a former bus driver and union leader who accuses foreign countries of “meddling,” traveled to communist ally Cuba on Sunday for a meeting of the leftist ALBA bloc.

“The lazy one has gone to Cuba on holiday, he would do the country a favor by staying there,” Capriles jabbed at him on Twitter.

(Writing by Alexandra Ulmer; Editing by Frances Kerry)

Venezuela’s opposition censures judges; 18 held after protests

Demonstrators scuffle with security forces during an opposition rally in Caracas, Venezuela. REUTERS/Carlos Garcia Rawlins

By Andrew Cawthorne and Corina Pons

CARACAS (Reuters) – Venezuela’s opposition lawmakers, some carrying injuries from this week’s protests, on Wednesday sought the dismissal of Supreme Court judges whom they accuse of propping up a socialist dictatorship.

Newly militant opposition leaders also announced another round of demonstrations against President Nicolas Maduro for Thursday, despite chaos and violence in Caracas on Tuesday that left 20 injured and 18 arrested.

The opposition, which won control of the National Assembly in late 2015, accuses Maduro of wrecking the South American nation’s economy and squashing democracy.

Maduro says his foes are seeking a coup with the help of Washington and compliant foreign media.

The opposition’s main demand now is to bring forward the next presidential election scheduled for the end of 2018.

But there is no sign authorities will concede, analysts and diplomats say, unless foreign pressure ramps up considerably or Venezuela’s powerful military sways the equation.

The political drama is playing out against the backdrop of a deep economic crisis, with Venezuelans suffering a fourth year of recession, widespread shortages of basic foods and medicines, the world’s worst inflation, and long lines at supermarkets.

Having been impeded from reaching the National Assembly on Tuesday, lawmakers headed to the building in downtown Caracas from dawn on Wednesday, some still nursing head wounds or bandaged arms from clashes in recent days.

“We are going to keep fighting for change, opposing repression and dictatorship,” lawmaker Juan Requesens, who had a gash on his head, said at 6:30 a.m. while en route to the session.

Often at the forefront of provocative demonstrations, Requesens received more than 50 stitches after being hit by a stone when pro-government supporters confronted protesters at the public ombudsman’s office earlier this week.

ARRESTS AND INJURIES

The Caracas-based Penal Forum rights group said 18 people were still behind bars on Wednesday after detentions around the country, but mostly in Caracas. At least 20 people were injured on Tuesday, its head, Alfredo Romero, told Reuters.

There was particular outcry over a musician caught and slapped by police with riot shields while apparently on his way to practice, according to a video of the incident. State ombudsman Tarek Saab called for a probe into the “brutal aggression.”

The head of the hemispheric Organization of American States and global rights group Amnesty International both condemned Venezuela for excessive repression.

But Interior Minister Nestor Reverol denied that, calling instead for one opposition leader, Henrique Capriles, to be prosecuted for blocking streets, including impeding an ambulance.

“The exemplary behavior, capacity and training of our citizens’ security organs prevented the unpredictable consequences of these terrorist groups,” Reverol added.

The oil-producing nation’s political standoff took a new twist last week when the Supreme Court ruled that it was taking over the legislature’s functions.

That touched off an international outcry, and the tribunal quickly scrubbed the offending clauses.

But dozens of previous rulings overturning National Assembly measures have left it powerless anyway, and opposition leaders say recent events have shown the world Maduro’s autocratic face.

Lawmakers passed one motion on Wednesday denouncing the “rupture” of Venezuela’s constitution and another asking for the removal of Supreme Court judges.

But that would be merely symbolic since congress requires the support of other institutions, which are behind Maduro, to dismiss the judges.

“Stop being ridiculous; you’re carrying out a parliamentary ‘coup,'” said Socialist Party lawmaker Hector Rodriguez, accusing opposition leaders of caring less about Venezuelans’ problems than their own competing presidential ambitions.

(Additional reporting by Andreina Aponte; Writing by Andrew Cawthorne; Editing by Alistair Bell and Lisa Von Ahn)

Venezuela security forces block protesters in Caracas

Riot police officers takes cover with their shields during a protest against Venezuela's President Nicolas Maduro's government in Caracas. REUTERS/Carlos Garcia Rawlins

By Andreina Aponte and Christian Veron

CARACAS (Reuters) – Blocking streets with riot shields and using pepper-spray on protesters, Venezuelan security forces impeded an opposition rally in Caracas on Tuesday against President Nicolas Maduro’s unpopular socialist government.

Authorities also closed subway stations and ringed off the capital’s Plaza Venezuela, where Maduro foes had planned to meet.

In one street, women knelt down, singing the national anthem as neighbors banged pots-and-pans from nearby buildings in a show of anger against a government feeling public ire for a deep recession that has led to shortages of food and basics.

“We’re going to get rid of them, but we have to fight,” said Jose Zapata, a 57-year-old electrician, as he marched with a stick in his hand.

Maduro’s supporters were organizing their own counter-rally, in a volatile scenario seen many times during the 18 years of leftist rule in the South American nation.

Fearful of clashes, some Caracas residents were staying home, and businesses near rallies were closed.

Some protests were also taking place in other cities.

Tuesday’s instability sent Venezuelan bonds lower, with the benchmark 2027 paper’s price off 4.4 percent.

Tensions have soared in the oil-producing nation’s long-running political standoff after the pro-Maduro Supreme Court last week annulled the opposition-led congress’ functions.

Although it retracted that ruling over the weekend, the National Assembly remains powerless due to previous court judgments.

MADURO “TERRIFIED”

Foreign pressure on Maduro has risen as scattered opposition protests have restarted.

“It is Mr. Maduro who has ordered shut all the accesses to Caracas to stop people expressing their repudiation,” said opposition leader Henrique Capriles. “He’s terrified.”

Stung by criticism from most of Latin America of an erosion of democracy, Maduro says the U.S. government and other foes are whipping up hysteria against him to lay the ground for a coup.

Maduro’s administration is particularly furious with Organization of American States head Luis Almagro, who is leading regional condemnation.

The regional bloc on Monday urged Venezuela to restore congress’ authority and guarantee separation of powers, but Venezuela’s representative walked out, as did the envoy from fellow leftist Bolivia, which holds the OAS presidency.

“The OAS has surpassed itself in aggression against Venezuela,” Maduro said late on Monday. “It is a real court of inquisition, carrying out abuses and vulgarities.”

Venezuela’s opposition won a National Assembly majority in late 2015, but the Supreme Court has overturned almost all its measures.

The legislature planned to start proceedings later on Tuesday to have the tribunal’s judges removed, but that would only be a symbolic rebuke since it has no power to act.

Opposition leaders have been staging small, targeted protests over the last few days that have resulted in some clashes with security forces and Maduro backers.

Two lawmakers were injured on Monday, and authorities have arrested two political activists and two military officers since the weekend. More than 100 opponents of Maduro are now in jail, rights group say.

(Additional reporting by Diego Ore, Eyanir Chinea and Andrew Cawthorne; Writing by Andrew Cawthorne; Editing by Lisa Von Ahn)

Called ‘dictator’, Venezuela leader tries to defuse court protests

Opposition supporters shout slogans as they block a highway during a protest against Venezuelan President Nicolas Maduro's government in Caracas, Venezuela March 31, 2017. REUTERS/Carlos Garcia Rawlins

By Girish Gupta and Andrew Cawthorne

CARACAS (Reuters) – Seeking to cool protests and international outrage, Venezuela’s socialist president said on Saturday the Supreme Court would review its move to annul the opposition-led congress, which critics decried as a lurch toward dictatorship.

“This controversy is over … the constitution has won,” Maduro said in a televised speech just after midnight.

He was flanked by senior officials on a specially-convened state security committee which ordered the top court to reconsider its rulings.

While Maduro, 54, sought to cast the move as the achievement of a statesman resolving a power conflict, his foes said it was a row-back by an unpopular government that overplayed its hand.

“You can’t pretend to just normalize the nation after carrying out a ‘coup’,” Julio Borges, leader of the National Assembly legislature, said. He publicly tore up the court rulings this week and refused to attend the security committee, which includes the heads of major institutions.

Having already shot down most congress measures since the opposition won control in 2015, the pro-Maduro Supreme Court went further on Wednesday with a ruling it was taking over the legislature’s functions because it was in “contempt” of the law.

That galvanized Venezuela’s demoralized and divided opposition coalition and brought a torrent of international condemnation and concern ranging from the United Nations and European Union to most major Latin American countries.

The decision to review the Supreme Court’s move – and presumably revoke the controversial ruling – may take the edge off protests, but Maduro’s opponents at home and abroad will seek to maintain the pressure.

They are furious that authorities thwarted a push for a referendum to recall Maduro last year and also postponed local elections scheduled for 2016.

Now they are calling for next year’s presidential election to be brought forward and the delayed local polls to be held, confident the ruling Socialist Party would lose.

“It’s time to mobilize!” student David Pernia, 29, said in western San Cristobal city, adding Venezuelans were fed up with autocratic rule and economic hardship. “Women don’t have food for their children, people don’t have medicines.”

FOREIGN PRESSURE

On Saturday, the National Assembly planned an open-air meeting in Caracas, while South America’s UNASUR bloc was to meet in Argentina with most of its members unhappy at Venezuela.

The hemispheric Organization of American States (OAS) had a special session slated for Monday in Washington.

Even before this week’s events, OAS head Luis Almagro had been pushing for Venezuela’s suspension, but he is unlikely to garner the two-thirds support needed in the 34-nation block despite hardening sentiment toward Maduro round the region.

Venezuela can still count on support from fellow leftist allies and other small nations grateful for subsidized oil dating from the 1999-2013 rule of late leader Hugo Chavez.

Maduro accuses the United States of orchestrating a campaign to oust him and said he had been subject this week to a “political, media and diplomatic lynching.”

Some criticism even came from within government, with Venezuela’s attorney general Luisa Ortega rebuking the court in an extremely rare show of dissent from a senior official.

“It constitutes a rupture of the constitutional order,” the 59-year-old said in a speech on state television on Friday.

Pockets of protesters had blocked roads, chanted slogans and waved banners saying “No To Dictatorship” around Venezuela on Friday, leading to some clashes with security forces.

Given past failures of opposition street protests, however, it is unlikely there will be mass support for a new wave. Rather, the opposition will be hoping ramped-up foreign pressure or a nudge from the powerful military may force Maduro into calling an early election.

He will be hoping to have ridden this week’s storm, and indeed there is no immediate threat to his grip on power.

The former bus driver, foreign minister and self-declared “son” of Chavez, was narrowly elected president in 2013.

But his ratings have plummeted as Venezuelans struggle with an unprecedented economic crisis including food and medicine shortages plus the world’s highest inflation.

Critics blame a failing socialist system, whereas the government says its enemies are waging an “economic war”. The fall in oil prices since mid-2014 has exacerbated the crisis.

The Supreme Court’s move this week may have been partly motivated by financial reasons. The wording about taking over Assembly functions came in a ruling allowing Maduro to create joint oil ventures without congress’ approval.

That may have its genesis in the urgent need to raise money from oil partners to pay $3 billion in bond maturities due this month, analysts and sources say.

The government, though, was probably also seeking to further disempower the opposition as it made headroads turning international opinion against Maduro.

During Chavez’s rule, the socialists were proud of their electoral legitimacy after winning votes over-and-over, so the increased questioning of their democratic credentials now stings and they have sought to stop some opposition leaders traveling.

(Additional reporting by Diego Ore, Eyanir Chinea and Deisy Buitrago in Caracas; Anggy Polanco in San Cristobal; editing by Alexander Smith)

Venezuela’s Maduro decried as ‘dictator’ after Congress annulled

Deputies of the Venezuelan coalition of opposition parties (MUD), clash with Venezuela's National Guards during a protest outside the Supreme Court of Justice (TSJ) in Caracas, Venezuela March 30, 2017. REUTERS/Carlos Garcia Rawlins

By Diego Oré and Andrew Cawthorne

CARACAS (Reuters) – Opposition leaders branded Venezuela’s socialist President Nicolas Maduro a “dictator” on Thursday after the Supreme Court took over the functions of Congress and pushed a lengthy political standoff to new heights.

There was swift and widespread international condemnation of the de facto annulment of the National Assembly, where the opposition won a majority in late 2015 amid an unprecedented economic crisis that has seen Maduro’s popularity plummet.

The head of the 34-nation Organization of International States (OAS), Luis Almagro, said the Venezuelan court had dealt the final blows to democracy and accused Maduro’s “regime” of carrying out a “coup.”

Brazil, Argentina, Mexico, Colombia, Chile, Guatemala and Panama expressed strong concerns while Peru withdrew its envoy after what it termed a rupture of democracy.

The United States described the move as a “serious setback for democracy in Venezuela” while the European Union called for a “clear electoral calendar” going forward.

Venezuela’s top court had already overturned most National Assembly decisions since the opposition win. Then late on Wednesday, it explicitly stated it was assuming Congress’ role in a ruling authorizing Maduro to create oil joint ventures without the previously mandated congressional approval.

“As long as the situation of contempt in the National Assembly continues, this constitutional chamber guarantees congressional functions will be exercised by this chamber or another chosen organ,” the court said in its ruling.

The contempt charge stems from vote-buying accusations against three lawmakers from southern Amazonas state. Even though they no longer sit in Congress, the court said parliamentary leaders had not handled their case legally.

Critics of Maduro say it is an excuse for him to consolidate power and muzzle the opposition amid a severe recession, soaring inflation and acute shortages of food and medicine.

Maduro, a 54-year-old former bus driver and foreign minister, was narrowly elected in 2013 to replace late leftist President Hugo Chavez. He has accused Washington of leading a push to topple him as part of a wider offensive against leftist governments.

Stung by the rebukes around Latin America, Maduro’s government condemned what it described as a “right-wing regional pact” against it on Thursday.

“We reject the Peruvian government’s rude support for the violent and extremist sectors in Venezuela,” Foreign Minister Delcy Rodriguez said in a series of tweets.

Leaders of Venezuela’s Democratic Unity opposition coalition renewed their demand for early presidential elections and accused Maduro of duplicating Peruvian leader Alberto Fujimori’s notorious 1992 closure of Congress.

“Nicolas Maduro has carried out a ‘coup d’etat’ … this is a dictatorship,” said National Assembly President Julio Borges, before tearing up a copy of the Supreme Court ruling at a news conference in the gardens of the legislature.

“This is trash from people who have kidnapped the constitution, rights and freedom of Venezuelans … The National Assembly does not recognize the Supreme Court.”

PROTESTS

The opposition promised new street protests starting from Saturday – but that tactic has failed in the past despite marches that have drawn hundreds of thousands of protesters.

Last year, the opposition pushed for a referendum to recall Maduro and force a new presidential election, but authorities thwarted them and also postponed local electoral races that were supposed to have been held in 2016.

Maduro’s term in office ends in January 2019.

Around a dozen opposition lawmakers trying to march to the Supreme Court on Thursday clashed with National Guard soldiers and pro-government supporters lined up to stop them.

Pockets of youths took to the streets in parts of Caracas and attempted to block a major highway. They held flags and banners saying, “No to dictatorship.”

However, numbers were small and they quickly dispersed.

In 2014, a wave of unrest swept the country, leaving more than 40 dead, though now many opposed to the government say they feel protesting is pointless.

“If the international community stays firm, demanding elections, we are sure the government will have to turn back,” another opposition leader and two-time presidential candidate Henrique Capriles said.

Spooked by the opposition’s warning that investment deals bypassing Congress would not be valid, foreign oil companies were closely following the political showdown.

As Venezuela tries to raise funds for bond payments and a reeling economy, it has sought to sell stakes in oil fields. State oil company PDVSA recently offered Russia’s Rosneft a stake in the Petropiar oil joint venture, sources with knowledge of the proposal told Reuters.

“We want to make perfectly clear to all the oil companies that any strategic alliance (that did not go through Congress) is null,” Borges said on Thursday.

While some investors could see the Supreme Court sentence as giving them the green light to invest, others are increasingly worried about Venezuela’s murky legal framework.

“There is reasonable doubt about the legality of all this,” said a source at a foreign oil company.

(Additional reporting by Corina Pons, Eyanir Chinea, Andreina Aponte, Girish Gupta in Caracas, Mitra Taj in Lima, Rosalba O’Brien in Santiago and Enrique Pretel in San Jose; Writing by Andrew Cawthorne and Alexandra Ulmer; Editing by Tom Brown and Andrew Hay)