Victor Álvarez R.

In an impassioned op-ed, Venezuelan economist Victor Álvarez argues that his country should follow the example of Norway and enact legislation to create a Sovereign Wealth Fund – to protect the country’s oil and mineral revenues both from the boom and bust myopia of its own governments and the ambition of the US to use Venezuela to subsidise its own industries.

The political stalemate in Venezuela leaves the country wide open to plunder by international creditors, banks and vulture funds. Meanwhile, the country cannot spend its own money to combat Covid-19.

Venezuela, whose economy is already in dire straits thanks to US sanctions and its own mismanagement, risks losing control of the Texas-based oil company...

LAB received this article from Venezuelan National Science Prize winner Victor Álvarez R. It is a follow-up to his earlier appeal for a coalition...

LAB received this article from Venezuelan National Science Prize winner Victor Álvarez R. We publish it here because of its appeal to both sides...

This article is based on a letter submitted in February 2019 to the European Commission and to the International Committee of the Red...