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The article reports that International Monetary Fund (IMF) forecasts the rise in inflation rate in Venezuela and features a sharp decline in the supply of goods as the economy. It mentions food shortages with hunger and poverty is increasing rapidly with many incomes incapable of keeping pace with the cost of living. It also mentions hyperinflation combined with an elaborate set of price controls enables the transfer.

(Bloomberg) -- A top adviser to President Joe Biden dismissed calls for the US to unilaterally lift sanctions against Venezuela, saying that any relief should be accompanied first by the Latin American government taking more democratic steps. "Our policy framework with regard to Venezuela is simple: If there's a negotiated outcome that leads to ambitious, irreversible, concrete steps toward free and fair elections", the US would provide sanctions relief. [Extracted from the article]

(Bloomberg) -- A top adviser to President Joe Biden dismissed calls for the US to unilaterally lift sanctions against Venezuela, saying that any relief should be accompanied first by the Latin American government taking more democratic steps. Yet Gonzalez, who earlier this year met with Maduro in a rare visit to Caracas, said that sanction relief should be a consequence of the Venezuelan government allowing for bigger political freedoms in the country. [Extracted from the article]

(Bloomberg) -- President Nicolas Maduro is poised to regain control of Venezuela's National Assembly on Sunday, in a vote that's being boycotted by the main opposition parties. A win for Maduro will further weaken the position of opposition leader Juan Guaido. [Extracted from the article]

Venezuela's government set new price controls for more than two dozen products and announced the takeover of a cooking oil producer as food shortages in the country-side lead to protests and rioting. Vice President Delcy Rodriguez said the government would also assume supervision of Empresas Polar, the national food giant and Venezuela's largest privately held company headed by Lorenzo Mendoza. [Extracted from the article]

The article examines the economic policy of Venezuelan President Nicolas Maduro aimed at rescuing the country's economy. Topics discussed include economic problems facing Venezuela which includes inflation, food and medicine shortages, and exodus of people to neighbouring countries, reason Maduro abolished the state-controlled exchange rate for the bolivar, and promises made by Maduro, which includes cutting the deficit to zero, speeding up tax collection, and increasing the price of petrol.

The article profiles several Venezuelans and focuses on the ways in which their bodies and physical appearances have changed during the country's food shortage and economic downturn.

(Bloomberg) -- China's biggest energy company is backing away from direct purchases of Venezuelan crude as the Trump administration tightens sanctions against the South American nation. Venezuela may run low on options without the help of CNPC to export oil, a main source of revenue that bankrolls the Maduro regime. [Extracted from the article]

Putin has helped Maduro endure declines in oil production Evrofinance Mosnarbank was placed on the U.S. sanctions list on Monday, according to a Treasury Department notice, for supporting Venezuela's state-owned oil company PDVSA. [Extracted from the article]

In a possible clue to Maduro's tenuous hold on power, he hasn't arrested Guaido despite threats to do so. Barricades were erected on some of the capital's streets overnight, along with burning refuse on the streets, after both Guaido and Maduro rounded up supporters for rallies on Saturday. [Extracted from the article]

Democrats seek to avoid giving Trump endorsement to intervene The U.S. and other countries recognized Guaido last week as Venezuela's rightful president. [Extracted from the article]

Lima Group of countries won't recognize Maduro as president Mexico rejects any measure that may pose an obstacle to a negotiated end to the crisis in Venezuela, Foreign Ministry official Maximiliano Reyes told the Lima meeting, according to an emailed statement. [Extracted from the article]

The article discusses social and economic developments in Venezuela as of June 2016, particularly the growing food shortages in the country due to the decline in global oil prices. Also cited are the growing cases of violence in the country, the claim by charity Caritas Venezuela's Yaneth Marquez that they are reducing nutrition and health care programs due to lack of donors, and the comment by Venezuelan citizen Jonny Lopez on their experiences.

Venezuela's President Nicolas Maduro ordered a 150 percent increase in the monthly minimum wage, the sixth hike this year, to 4,500 sovereign bolivars from 1,800. With this increase, Maduro has raised the minimum wage 25 times since he took office in 2013, including an August increase to 1,800 bolivares. [Extracted from the article]

Venezuela's vice president, information minister also included "President Maduro relies on his inner circle to maintain his grip on power, as his regime systematically plunders what remains of Venezuela's wealth", Treasury Secretary Steven Mnuchin said in a statement. [Extracted from the article]

Corn Flakes may be even scarcer in Caracas. Kellogg's products, from Zucaritas -- sweet corn flakes -- and Nutri-Grain bars, were commonly found on Venezuelans' breakfast tables and pantries. [Extracted from the article]

Venezuela's main opposition parties say they will shun this year's presidential elections, claiming the vote has been rigged to guarantee a victory for President Nicolas Maduro. Opposition leaders say they can't overcome an electoral authority stacked with Maduro loyalists that ignores state abuses and banned its top candidates from the ballot. [Extracted from the article]

Kuczynski says Maduro not welcome at Summit of Americas Kuczynski cited a rupture in the democratic order in Venezuela late Tuesday evening in his decision to rescind Maduro's invitation, adding that he counted on the support of a dozen regional leaders. [Extracted from the article]

Cryptocurrency, known as petro, to be worth same as oil barrel President Nicolas Maduro on Friday said Venezuela in the coming days will issue 100 million units of an oil-backed cryptocurrency known as the petro, which will be worth the price of one barrel in Venezuela's oil basket. "I have ordered the issuance of 100 million petros with the legal support of Venezuela's oil wealth", Maduro said. [Extracted from the article]

Venezuela Slams "Madness" as Trump Suggests Military Action Venezuela will defend itself from the "madness" of Donald Trump, its defense minister said, a day after the U.S. president said he's considering a military option in response to the escalating political and economic crisis in the oil-producing nation. Maduro wants to establish a dialog with Trump, Venezuela's Foreign Relations ministry said on Twitter. [Extracted from the article]

Trade bloc, neighbors call on Caracas not to "divide" society Venezuela's Latin American neighbors urged President Nicolas Maduro to refrain from actions that might exacerbate the country's political crisis in a disappointment to some regional governments that favored more direct and forceful criticism. [Extracted from the article]

Citigroup Valuation Flub Brings Quick Reversal on Rating Turns out analyst Paola Mello had overestimated its valuation due to a mixup about the outlook for long-term revenue growth in Venezuela. And in late May, JPMorgan Chase exacerbated a selloff in bonds from Brazilian meatpacker JBS by raising the possibility it would add as much as $6.5 billion of debt in the U.S. The next day, JPMorgan sent out a corrected note. [Extracted from the article]

PDVSA invites trading houses to supply gasoline and diesel Imports rise amid refinery woes and as PDVSA produces less oil. [Extracted from the article]

President Nicolas Maduro announced the court's move -- statements that removed earlier rulings transferring the assembly's functions to the court -- on state television on Saturday. Still, government opponents are quick to point out that missing from the rollback is a recent ruling that granted Maduro widespread powers to authorize oil joint ventures without congressional approval. [Extracted from the article]

Venezuela's President Nicolas Maduro said Wednesday in a national address that opposition lawmakers committed "treason" by calling on the Organization of American States to apply its democratic charter on the country. During his televised remarks, a pro-government lawmaker, Victor Clark, informed Maduro that a complaint against the opposition had been filed with Supreme Court. [Extracted from the article]

The article offers information on the economic and social conditions of Venezuela for 2016. The inflation, food scarcity and violence that have followed the death of former President Hugo Chávez in March 2013 have in part been caused by a rightwing offensive over avowedly socialist policies. The problems have been spurred by a decline in oil price, which us Venezuela's main export, and people blame the government for not succeeded to diversify the production away from oil.

The opposition alliance known as MUD earlier said that Emil Paul Tscherrig, the Vatican's representative in Buenos Aires, had arrived in Caracas to act as an intermediary between the government and opposition. Representatives from the opposition and government will meet with the Vatican mediator in Margarita Island on Oct. 30, the opposition alliance said in a post on its Twitter account. [Extracted from the article]

Peru Calls for Food Aid, Pressure to Help "Starving" Venezuela Peruvian President Pedro Pablo Kuczynski called on South American peers to both help and pressure his Venezuelan counterpart, Nicolas Maduro, who faces a simmering political standoff with the opposition and widespread shortages of food and medicine. Attribution Vivianne Rodrigues: editor responsible Walter Brandimarte: editor Ben Bartenstein: assist C. Thompson: editor John Quigley: assist Nathan Crooks: by reporter. [Extracted from the article]

To contact the reporter on this story:Katia Porzecanski in New York at kporzecansk1@bloomberg.netTo contact the editors responsible for this story:Christian Baumgaertel at cbaumgaertel@bloomberg.netJosh Friedman, Vincent Bielski Attribution Christian Baumgaertel: editor responsible Vincent Bielski: editor Josh Friedman: editor Katia Porzecanski: by reporter. [Extracted from the article]

On Tuesday, Maduro removed Miguel Perez Abad, who had pushed for easing the nation's complex currency controls, from his post as industry and commerce minister. "I'm going to designate the young professional Carlos Faria as the new industry and commerce minister so that he can come in with new energy and force", Maduro said Tuesday night during his weekly television show. [Extracted from the article]

The article reports on the impact of the food crisis in Venezuela on the eduction of a number of public school students in the country, highlighting the condition of 14-year old citizen Maria Arias as one of the students.

Fiat Chrysler, GM and Toyota will offer models in dollars Fiat Chrysler Automobiles NV, General Motors Co. and Toyota Motor Corp. are close to resuming manufacturing in Venezuela after the government allowed them to sell output in dollars. General Motors and an official at Venezuela's Information Ministry declined to comment on the prospective agreements, while local spokesmen for Fiat weren't immediately available. [Extracted from the article]

The Organization of American States will meet Thursday to discuss the deepening crisis in Venezuela, where the opposition is pushing forward with efforts to activate a recall referendum of President Nicolas Maduro amid acute shortages and sporadic looting. Attribution Andrew Rosati: by reporter Noris Soto: assist Vivianne Rodrigues: editor responsible Robert Jameson: editor Daniel Cancel: editor Nathan Crooks: assist. [Extracted from the article]

Recall vote on President Maduro "is an escape valve": Falcon The opposition says nearly 2 million people signed a petition to activate a recall referendum against Maduro, yet authorities have not completed the verification process. Falcon insisted that the conditions are there for the referendum to take place this year and that facing a simmering crisis the government will be forced to hold elections in 2016. [Extracted from the article]

A spat between the head of the Organization of American States and the Venezuelan government reached new heights Tuesday when the regional body backed a recall referendum on President Nicolas Maduro. Attribution Vivianne Rodrigues: editor responsible Fabiola Zerpa: by reporter Philip Sanders: editor Robert Jameson: editor Nathan Crooks: editor. [Extracted from the article]

To contact the reporters on this story: Anatoly Kurmanaev in Caracas at akurmanaev1@bloomberg.net; Andrew Rosati in Caracas at arosati3@bloomberg.net The La Yaguara industrial park is also being used by U.S. grain trader Cargill Inc., Mexican bottler Coca-Cola Femsa SAB and industrial gases supplier Praxair Inc. [Extracted from the article]

The article discusses how the United Nations Food and Agriculture Organisation (FAO) awarded the Venezuelan government a diploma for its efforts to curb hunger on June 8, 2015, despite evidence which indicates that hunger-related problems are increasing in the country. A speech by Venezuelan Vice-President Jorge Arreaza is mentioned, as well as statistics regarding extreme poverty, nutrition, and food subsidies in Venezuela. Food scarcity, minimum wage rates, and food supplies are examined.