Venezuela’s government and a faction of the opposition have reached an agreement to establish conditions for the next presidential election in 2024. The accord, signed in Barbados, aims to secure economic sanctions relief imposed on President Nicolás Maduro’s administration by the United States. Key aspects of the agreement include mutual recognition of the right to independently choose a presidential candidate and collaboration with electoral authorities to propose election guarantees. If Maduro fails to fulfill his obligations, sanctions can be re-imposed. The negotiations began in 2021 and have involved mediation from Norwegian diplomats. The recent accord represents a step towards a more inclusive and transparent political process in Venezuela, but its implementation and impact on the country’s crisis remain uncertain.
Venezuela Government and Opposition Reach Presidential Election Accord for 2024 in Bid for Economic Sanctions Relief
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