(Bloomberg) -- Venezuela’s opposition will choose on Sunday the candidate who’ll try to end a quarter century of socialist rule in 2024 elections. Most Read ...
Yahoo News is better in the app -- Venezuela’s opposition will choose on Sunday the candidate who’ll try to end a quarter century of socialist rule in 2024 elections.Former lawmaker María Corina Machado is the clear favorite among the ten candidates, even though she’s banned from holding public office.
Whoever wins is expected to face Maduro, 60, when he runs for a third six-year term next year, and could also be a new unifying force for the fragmented opposition.Machado, 56, who describes herself as a centrist, is the frontrunner. One recent poll found she had 87% of voting intention among those with a high probability of casting their ballots.
The organizers stuck to their decision after rejecting a late offer of support by the electoral authority this month, for fear of political interference. They say they have secured more than 3,000 spaces with approximately 5,000 voting tables. The committee says it has trained tens of thousands of volunteers.Recent surveys estimate as few as 1.5 million people will vote on Sunday, nearly half the number who participated in the 2012 opposition primaries.
As a goodwill gesture, the US Treasury issued a six-month license authorizing transactions involving Venezuelan oil and gas. It also lifted a ban on secondary trading of some Venezuelan sovereign bonds and debt and equity issued by the state oil company Petroleos de Venezuela SA.There’s still a question over whether Maduro will cede to demands for deep electoral reforms that would allow the opposition to compete fairly, Teneo analyst Nicholas Watson wrote in a note.
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