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Venezuela talks end with agreement on judicial reform and frozen funds

Venezuela talks end with agreement on judicial reform and frozen funds

Summary

Venezuela’s interim government and opposition ended their first round of talks agreeing to reform the country’s Supreme Tribunal of Justice and to seek access to Venezuela’s frozen funds in the Bank of England. These funds would help finance recovery after June’s deadly earthquakes.

Key Facts

  • The talks took place in Caracas and lasted several days.
  • Both sides agreed to start reforming the Supreme Tribunal of Justice, Venezuela’s top court.
  • The court had previously approved President Maduro’s controversial 2024 re-election.
  • The group also agreed to try to access Venezuela’s international reserve money frozen in the Bank of England.
  • The funds are intended to help rebuild after earthquakes on June 24 that killed over 6,300 people.
  • Both sides want clear rules to ensure the proper use of these funds, including transparency and auditing.
  • Interim president Delcy Rodriguez’s government and opposition leader Dinorah Figuera represented their groups in the talks.
  • Exiled opposition leader Maria Corina Machado did not participate but supports the talks happening.
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