Venezuelan Acting President Rodríguez Promises May Wage Hike Amidst Economic Crisis
Venezuela's acting President Delcy Rodríguez addressed the nation, urging public and private sector workers to exercise patience while her government works to stabilize the economy. She announced a responsible wage increase scheduled for May 1, though specific amounts were not disclosed. This promise comes as Venezuela faces hyperinflation estimated at 682% by the IMF, with many public employees surviving on roughly $160 monthly against a basic basket of goods costing over $500. The announcement precedes planned demonstrations in Caracas demanding better wages. Since taking office following the U.S.-backed removal of Nicolás Maduro in January 2026, Rodríguez has been cooperating with the Trump administration to lift sanctions and open the energy sector to international investment, aiming to reverse years of economic collapse that drove millions into poverty.
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Venezuelan Acting President Rodríguez Promises May Wage Hike Amidst Economic Crisis
Venezuela's acting President Delcy Rodríguez addressed the nation, urging public and private sector workers to exercise patience while her government works to stabilize the economy. She announced a responsible wage increase scheduled for May 1, though specific amounts were not disclosed. This promise comes as Venezuela faces hyperinflation estimated at 682% by the IMF, with many public employees surviving on roughly $160 monthly against a basic basket of goods costing over $500. The announcement precedes planned demonstrations in Caracas demanding better wages. Since taking office following the U.S.-backed removal of Nicolás Maduro in January 2026, Rodríguez has been cooperating with the Trump administration to lift sanctions and open the energy sector to international investment, aiming to reverse years of economic collapse that drove millions into poverty.
AP News