Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Dec 14, 2020

Venezuela Opposition Says 6.4 Million Took Part in Symbolic Vote

STOCKS IN THIS STORY
Goenka Business & Finance Ltd.
--
Nifty Top 20 Equal Weight
--
MSCI World
--
SAB Events & Governance Now Media Ltd.
--
Regency Investments Ltd.
--
Lawreshwar Polymers Ltd.
--
BSE SmallCap Select
--

Venezuela's opposition says that 6.4 million people voted in a symbolic “anti-government referendum”, organized as a protest against the administration of President Nicolas Maduro.

Results of the survey have no legal weight, but are intended to keep alive a spirit of resistance after the government regained control of the national assembly in elections last weekend.

People cast ballots at hundreds of sites across the nation over the course of a week, as well as online. The participants rejected Maduro's “usurpation of the presidency” and last weekend's legislative election, which the opposition boycotted citing the lack of credible monitors.

The organizers said in a statement that about 3.2 million voted at polling centers in Venezuela, 845,000 in polling centers abroad, and 2.4 million voted digitally.

Led by the outgoing National Assembly leader Juan Guaido, the vote was meant to unify the opposition and keep up international pressure against Maduro, who dismissed the effort as having no constitutional validity.

“I know this is not going to change the government, but it is important that they see us in the streets, that they know that we are a majority who want to recover democracy,” said Silvia Salas, a 59-year-old retiree, after voting in a public square in eastern Caracas. “I will always support everything that helps us to get Maduro out.”

Consolidating Control

After winning National Assembly elections last week, Maduro and his allies will have control of all governmental bodies. Guaido, who for two years has been recognized as the country's rightful leader by the U.S. and more than 50 countries, will lose his seat as head of the assembly in January.

Read more: Venezuela's Election Facade Helps Push Juan Guaido Offstage

The country's economic and social conditions have deteriorated under Maduro, who took power after Hugo Chavez died in 2013. More than 5 million people have fled the country, which is plagued by hyperinflation, electricity outages, gasoline shortages and widespread hunger, made worse by U.S. sanctions. The economy is expected to contract by a third in 2020, according to Caracas-based research firm Ecoanalitica.

©2020 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search