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Venezuela - Country economic memorandum (CEM) : living with oil (Vol. 1 of 2) : Main report (Английский)

This report analyzes economic policy and performance in Venezuela since 1970, focusing on the influence of international oil markets on government policies and macroeconomic performance. Today, oil gross domestic product (GDP) is about 22 percent of Venezuela's total GDP, oil exports are about 78 percent of all merchandise exports, and oil taxes and revenuess are about 61 percent of total revenues. The report suggests various policy options to strengthen...
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