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Subject

Political and economic retrenchment.

Significance

As opposition ‘interim president’ Juan Guaido faces a fretful run into his January 5 re-election as National Assembly president, incumbent President Nicolas Maduro is overseeing an informal liberalisation of the economy and exploring private investment and bond repayment options.

Impacts

In coming weeks Guaido’s supporters will lobby National Assembly members to ensure he is re-elected president of the Assembly.

Maduro will focus on getting the right team and policy message together for his New Year address and potential period of policy shift.

Negotiations look like the only serious way ahead for the opposition as National Assembly elections approach.

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