Venezuela signs deal with US energy giant to rebuild power grid
Key takeaways
- Delcy Rodríguez, who was sworn in shortly after US forces seized Venezuela's leader, Nicolás Maduro, in January, announced the move at a televised event at the presidential palace on Monday.
- The agreement is the latest sign that the interim leader - who was a fierce critic of the US before Maduro's ouster - is opening up Venezuela's economy to US investors and companies.
- Critics of her government have warned that while Rodríguez appears to be loosening the state's control over the economy, many key institutions remain firmly under her party's control.
Why this matters: an international story with cross-border implications worth tracking.
Vanessa Buschschlüter Latin America online editor Juan BARRETO / AFP via Getty Images Venezuelans have endured frequent and lengthy power cuts in past years Venezuela's interim president has signed an agreement with US energy giant General Electric to rebuild the country's electricity grid.
Delcy Rodríguez, who was sworn in shortly after US forces seized Venezuela's leader, Nicolás Maduro, in January, announced the move at a televised event at the presidential palace on Monday.
The agreement is the latest sign that the interim leader - who was a fierce critic of the US before Maduro's ouster - is opening up Venezuela's economy to US investors and companies.