Venezuela’s interim president, Delcy Rodríguez, has appointed Calixto Ortega Sánchez—a former central‑bank director—as the country’s new top economic official. Sánchez led the central bank from 2018 to 2025 and brings experience from the oil sector. He will assume the economic portfolio that Rodríguez previously held.
Rodríguez, who was sworn in as caretaker president after the removal of Nicolás Maduro, announced the appointment on state television. She said the change aims to “consolidate” the economic growth recorded last year, citing the ECLAC regional commission’s projection of 6.5 % growth for 2025. While the outlook remains complex, with a depreciating currency and concerns about hyperinflation, Rodríguez is credited with helping the country emerge from a deep crisis by introducing exchange‑control reforms and allowing greater dollarization.
The new administration operates under close scrutiny from the United States. President Donald Trump has indicated a willingness to work with Rodríguez if she cooperates, expressing interest in accessing Venezuela’s oil resources. Rodríguez, vice president since 2018, has been a key architect of the nation’s economic policies.
Sánchez’s appointment marks the first cabinet change since Rodríguez took office, following a U.S. military strike that led to Maduro’s removal and extradition to face trial in the United States. Given Venezuela’s strategic importance and vast oil reserves, the development is significant for the region.
As the interim government navigates Venezuela’s economic challenges, it must balance the need for stability and growth with pressure from international actors. The success of Rodríguez’s administration will hinge on its ability to address the currency crisis, curb the risk of hyperinflation, and manage external expectations. The international community will be watching the new administration’s next steps closely.
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