IBOV 176,723.62 ▼ 0.46% IPSA 10,916.70 ▼ 0.84% IPC MEX 66,247.47 ▼ 1.56% MERVAL 3,319,522 — 0.00% COLCAP 2,283.28 ▼ 0.60% BVL PERÚ 57,575.02 — — USD/BRL5.08▼ 0.03% USD/MXN17.48▼ 0.24% USD/CLP944.79▼ 0.12% USD/COP3,197▼ 0.58% USD/PEN3.40▲ 0.11% USD/ARS1,488▼ 0.05% USD/UYU40.14▲ 1.38% USD/PYG6,025▲ 1.32% USD/BOB11.03▲ 3.10% USD/DOP58.04▼ 0.19% USD/CRC451.03▲ 2.19% USD/GTQ7.62▲ 2.30% USD/HNL26.74▲ 0.80% USD/NIO36.62▲ 0.26% USD/VES740.37▲ 0.46% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.48% USD/TTD6.73▲ 1.17% EUR/BRL5.78▲ 0.11% BRENT 91.78 ▼ 8.85% WTI 89.52 ▼ 2.90% IRON ORE 161.91 — — COPPER 6.36 ▲ 0.86% GOLD 4,059 ▲ 0.31% SILVER 58.73 ▲ 1.60% SOY 1,244 ▲ 0.48% CORN 484.75 ▲ 4.47% WHEAT 689.00 ▼ 1.04% COFFEE 311.55 ▲ 0.69% SUGAR 14.58 ▼ 0.75% ORANGE JUICE 145.50 ▼ 3.19% COTTON 80.44 ▲ 0.75% COCOA 5,313 ▲ 0.23% BEEF 221.48 ▼ 0.77% CATTLE 340.13 ▼ 0.31% LITHIUM 69.02 ▲ 0.03% PETR4 42.95 ▲ 0.87% VALE3 75.68 ▲ 0.77% ITUB4 42.56 ▼ 0.79% BBDC4 18.72 ▼ 1.32% ABEV3 15.92 ▼ 1.30% BBAS3 20.93 ▼ 0.76% B3SA3 15.65 ▼ 1.57% WEGE3 45.67 ▼ 2.29% PRIO3 60.54 ▲ 1.29% SUZB3 42.43 ▼ 0.54% RENT3 37.14 — 0.00% AZZA3 17.05 ▼ 4.27% CSAN3 3.90 ▼ 0.51% RAIZ4 0.27 — 0.00% PCAR3 2.87 ▲ 4.36% GMAT3 3.87 ▼ 1.02% PSSA3 55.18 ▼ 0.49% CVCB3 1.31 ▲ 3.15% POSI3 3.67 ▼ 0.81% SLCE3 13.77 ▼ 1.36% NATU3 8.56 ▼ 1.38% BRKM5 6.17 ▲ 1.65% RANI3 7.93 ▼ 0.88% CSNA3 5.30 ▼ 1.49% CMIN3 5.83 ▼ 0.17% USIM5 8.49 ▼ 1.85% GGBR4 24.06 — 0.00% ENEV3 25.70 ▼ 1.04% CPFE3 46.22 ▼ 1.05% CMIG4 11.19 ▼ 0.18% EQTL3 39.02 ▼ 0.84% LREN3 13.37 ▼ 1.26% VIVT3 34.70 ▼ 1.92% RAIL3 13.96 ▲ 2.35% KLABIN 17.66 ▼ 1.51% RAIA DROGASIL 18.19 ▼ 0.55% RDOR3 33.67 ▼ 2.38% HAPV3 10.47 ▼ 8.08% FLRY3 16.58 ▼ 0.42% SMTO3 15.71 ▼ 2.12% UGPA3 33.39 ▲ 1.71% VBBR3 35.60 ▲ 1.77% BBSE3 42.40 ▼ 0.42% BPAC11 56.30 ▼ 1.26% CURY3 29.62 ▼ 1.92% AERI3 2.02 ▼ 1.46% VIVARA 21.45 ▼ 0.46% COMPASS 25.08 ▲ 1.09% VAMOS 3.21 ▼ 0.62% SANB11 26.63 ▼ 1.19% ASAI3 8.02 ▼ 4.52% SBSP3 29.00 ▼ 0.99% WALMEX 47.27 ▼ 2.84% GMEXICO 208.35 ▼ 3.10% FEMSA 222.31 ▼ 2.38% CEMEX 21.48 ▼ 3.11% GFNORTE 189.00 ▼ 1.37% BIMBO 59.08 ▼ 2.02% TELEVISA 9.79 ▼ 0.31% AMX 22.84 ▲ 0.66% GAP 375.37 ▼ 0.36% ASUR 269.84 ▼ 1.35% OMA 227.18 ▼ 0.66% KOF 179.34 ▼ 1.81% GRUMA 268.11 ▼ 4.40% KIMBER 39.20 ▲ 0.98% SQM-B 65,499 ▲ 0.68% COPEC 6,260 ▼ 4.43% BSANTANDER 80.00 ▲ 0.19% FALABELLA 6,058 ▲ 0.26% ENELAM 85.00 ▲ 0.56% CENCOSUD 1,968 ▼ 2.08% CMPC 1,051 ▼ 1.78% BANCO CHILE 190.72 ▼ 1.44% LATAM AIR 23.50 ▼ 2.45% YPF 82,475 ▼ 0.03% GGAL 7,945 ▼ 3.99% PAMPA 5,630 ▲ 0.09% TXAR 679.00 ▲ 1.65% ALUAR 982.50 ▲ 0.87% TGS 9,995 ▲ 0.91% CEPU 2,420 ▲ 0.37% MIRGOR 16,725 ▼ 1.18% COME 42.53 ▼ 1.41% LOMA NEGRA 3,778 ▼ 0.85% BYMA 292.50 ▼ 1.02% TELECOM ARG 4,325 ▼ 2.15% ECOPETROL 16.33 ▼ 2.16% BANCOLOMBIA 86.79 ▲ 2.52% GRUPO AVAL 4.93 ▼ 2.18% CREDICORP 387.63 ▼ 1.53% SOUTHERN COPPER 182.22 ▼ 6.78% BUENAVENTURA 31.32 ▼ 2.40% MERCADOLIBRE 1,799 ▼ 0.03% NUBANK 14.19 ▼ 2.21% XP 16.83 ▼ 2.72% PAGSEGURO 9.46 ▼ 2.17% STONE 10.98 ▼ 3.35% GLOBANT 30.61 ▼ 0.20% TECNOGLASS 43.75 ▼ 3.26% GAP AIRPORT 215.45 ▼ 0.96% ASUR 269.84 ▼ 1.35% OMA AIRPORT 104.14 ▼ 1.15% AMX ADR 25.95 ▼ 0.65% FEMSA ADR 127.08 ▼ 2.93% CEMEX ADR 12.26 ▼ 3.62% PETROBRAS ADR 19.00 ▲ 0.58% VALE ADR 14.83 ▼ 0.13% ITAU ADR 8.35 ▼ 1.53% SANTANDER BR 5.36 ▼ 1.74% AMBEV ADR 3.09 ▼ 1.47% CSN 1.06 ▼ 2.75% GERDAU 4.77 — 0.00% LATAM ADR 49.79 ▼ 2.87% BTC 65,027 ▼ 0.03% ETH 1,883 ▲ 0.34% SOL 75.16 ▼ 0.92% XRP 1.10 ▼ 0.31% BNB 566.08 ▼ 0.15% ADA 0.17 ▼ 1.20% DOGE 0.07 ▲ 0.47% AVAX 6.25 ▼ 0.19% LINK 8.45 ▼ 0.20% DOT 0.80 ▼ 1.51% LTC 46.35 ▼ 1.23% BCH 210.16 ▼ 0.91% TRX 0.33 ▲ 0.79% XLM 0.18 ▲ 0.16% HBAR 0.07 ▼ 0.94% NEAR 1.88 ▼ 0.08% ATOM 1.39 ▼ 1.98% AAVE 95.66 ▲ 0.65% SELIC 14.25% EMBRAER 83.40 ▼ 0.47% EMBRAER ADR 65.47 ▼ 0.88% JBS 12.13 ▼ 0.98% JBS BDR 61.82 ▲ 0.03% MBRF3 15.59 ▼ 2.74% MBRFY 3.09 ▼ 3.13% INTER 5.46 ▼ 4.04% EGX 53,932 ▼ 0.11% USD/ZAR16.85▲ 0.17% USD/NGN 1,366 — 0.00% NIKKEI 64,611 ▼ 2.73% CSI300 4,649 ▼ 1.67% HSI 24,963 ▼ 0.98% NIFTY 23,767 ▼ 0.43% KOSPI 6,691 ▼ 5.72% JCI 6,196 ▼ 1.88% USD/JPY163.83▼ 0.02% USD/CNY6.76▼ 0.14% DAX 24,934 ▲ 0.69% CAC 8,325 ▲ 0.31% FTSE 10,657 ▲ 0.17% MIB 51,630 ▲ 0.61% IBEX 19,434 ▲ 0.86% STOXX 641.42 ▲ 0.34% EUR/USD1.14▲ 0.03% GBP/USD1.33▼ 0.38% SPX 7,408 ▼ 1.21% DJI 51,712 ▼ 0.97% NDX 28,455 ▼ 1.87% RUT 2,940 ▼ 0.67% TSX 35,193 ▼ 0.82% VIX 18.89 ▲ 1.02% USD/CAD1.41▼ 0.02% US10Y 4.7030 ▲ 0.99% IBOV 176,723.62 ▼ 0.46% IPSA 10,916.70 ▼ 0.84% IPC MEX 66,247.47 ▼ 1.56% MERVAL 3,319,522 — 0.00% COLCAP 2,283.28 ▼ 0.60% BVL PERÚ 57,575.02 — — USD/BRL 5.08 ▼ 0.03% USD/MXN 17.48 ▼ 0.24% USD/CLP 944.79 ▼ 0.12% USD/COP 3,197 ▼ 0.58% USD/PEN 3.40 ▲ 0.11% USD/ARS 1,488 ▼ 0.05% USD/UYU 40.14 ▲ 1.38% USD/PYG 6,025 ▲ 1.20% USD/BOB 11.03 ▲ 3.57% USD/DOP 58.04 ▼ 0.19% USD/CRC 451.03 ▲ 2.19% USD/GTQ 7.62 ▲ 2.30% USD/HNL 26.74 ▲ 0.80% USD/NIO 36.62 ▲ 0.26% USD/VES 740.37 ▲ 0.46% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.37% USD/TTD 6.73 ▲ 1.17% EUR/BRL 5.78 ▲ 0.11% BRENT 91.78 ▼ 8.85% WTI 89.52 ▼ 2.90% IRON ORE 161.91 — — COPPER 6.36 ▲ 0.86% GOLD 4,059 ▲ 0.31% SILVER 58.73 ▲ 1.60% SOY 1,244 ▲ 0.48% CORN 484.75 ▲ 4.47% WHEAT 689.00 ▼ 1.04% COFFEE 311.55 ▲ 0.69% SUGAR 14.58 ▼ 0.75% ORANGE JUICE 145.50 ▼ 3.19% COTTON 80.44 ▲ 0.75% COCOA 5,313 ▲ 0.23% BEEF 221.48 ▼ 0.77% CATTLE 340.13 ▼ 0.31% LITHIUM 69.02 ▲ 0.03% PETR4 42.95 ▲ 0.87% VALE3 75.68 ▲ 0.77% ITUB4 42.56 ▼ 0.79% BBDC4 18.72 ▼ 1.32% ABEV3 15.92 ▼ 1.30% BBAS3 20.93 ▼ 0.76% B3SA3 15.65 ▼ 1.57% WEGE3 45.67 ▼ 2.29% PRIO3 60.54 ▲ 1.29% SUZB3 42.43 ▼ 0.54% RENT3 37.14 — 0.00% AZZA3 17.05 ▼ 4.27% CSAN3 3.90 ▼ 0.51% RAIZ4 0.27 — 0.00% PCAR3 2.87 ▲ 4.36% GMAT3 3.87 ▼ 1.02% PSSA3 55.18 ▼ 0.49% CVCB3 1.31 ▲ 3.15% POSI3 3.67 ▼ 0.81% SLCE3 13.77 ▼ 1.36% NATU3 8.56 ▼ 1.38% BRKM5 6.17 ▲ 1.65% RANI3 7.93 ▼ 0.88% CSNA3 5.30 ▼ 1.49% CMIN3 5.83 ▼ 0.17% USIM5 8.49 ▼ 1.85% GGBR4 24.06 — 0.00% ENEV3 25.70 ▼ 1.04% CPFE3 46.22 ▼ 1.05% CMIG4 11.19 ▼ 0.18% EQTL3 39.02 ▼ 0.84% LREN3 13.37 ▼ 1.26% VIVT3 34.70 ▼ 1.92% RAIL3 13.96 ▲ 2.35% KLABIN 17.66 ▼ 1.51% RAIA DROGASIL 18.19 ▼ 0.55% RDOR3 33.67 ▼ 2.38% HAPV3 10.47 ▼ 8.08% FLRY3 16.58 ▼ 0.42% SMTO3 15.71 ▼ 2.12% UGPA3 33.39 ▲ 1.71% VBBR3 35.60 ▲ 1.77% BBSE3 42.40 ▼ 0.42% BPAC11 56.30 ▼ 1.26% CURY3 29.62 ▼ 1.92% AERI3 2.02 ▼ 1.46% VIVARA 21.45 ▼ 0.46% COMPASS 25.08 ▲ 1.09% VAMOS 3.21 ▼ 0.62% SANB11 26.63 ▼ 1.19% ASAI3 8.02 ▼ 4.52% SBSP3 29.00 ▼ 0.99% WALMEX 47.27 ▼ 2.84% GMEXICO 208.35 ▼ 3.10% FEMSA 222.31 ▼ 2.38% CEMEX 21.48 ▼ 3.11% GFNORTE 189.00 ▼ 1.37% BIMBO 59.08 ▼ 2.02% TELEVISA 9.79 ▼ 0.31% AMX 22.84 ▲ 0.66% GAP 375.37 ▼ 0.36% ASUR 269.84 ▼ 1.35% OMA 227.18 ▼ 0.66% KOF 179.34 ▼ 1.81% GRUMA 268.11 ▼ 4.40% KIMBER 39.20 ▲ 0.98% SQM-B 65,499 ▲ 0.68% COPEC 6,260 ▼ 4.43% BSANTANDER 80.00 ▲ 0.19% FALABELLA 6,058 ▲ 0.26% ENELAM 85.00 ▲ 0.56% CENCOSUD 1,968 ▼ 2.08% CMPC 1,051 ▼ 1.78% BANCO CHILE 190.72 ▼ 1.44% LATAM AIR 23.50 ▼ 2.45% YPF 82,475 ▼ 0.03% GGAL 7,945 ▼ 3.99% PAMPA 5,630 ▲ 0.09% TXAR 679.00 ▲ 1.65% ALUAR 982.50 ▲ 0.87% TGS 9,995 ▲ 0.91% CEPU 2,420 ▲ 0.37% MIRGOR 16,725 ▼ 1.18% COME 42.53 ▼ 1.41% LOMA NEGRA 3,778 ▼ 0.85% BYMA 292.50 ▼ 1.02% TELECOM ARG 4,325 ▼ 2.15% ECOPETROL 16.33 ▼ 2.16% BANCOLOMBIA 86.79 ▲ 2.52% GRUPO AVAL 4.93 ▼ 2.18% CREDICORP 387.63 ▼ 1.53% SOUTHERN COPPER 182.22 ▼ 6.78% BUENAVENTURA 31.32 ▼ 2.40% MERCADOLIBRE 1,799 ▼ 0.03% NUBANK 14.19 ▼ 2.21% XP 16.83 ▼ 2.72% PAGSEGURO 9.46 ▼ 2.17% STONE 10.98 ▼ 3.35% GLOBANT 30.61 ▼ 0.20% TECNOGLASS 43.75 ▼ 3.26% GAP AIRPORT 215.45 ▼ 0.96% ASUR 269.84 ▼ 1.35% OMA AIRPORT 104.14 ▼ 1.15% AMX ADR 25.95 ▼ 0.65% FEMSA ADR 127.08 ▼ 2.93% CEMEX ADR 12.26 ▼ 3.62% PETROBRAS ADR 19.00 ▲ 0.58% VALE ADR 14.83 ▼ 0.13% ITAU ADR 8.35 ▼ 1.53% SANTANDER BR 5.36 ▼ 1.74% AMBEV ADR 3.09 ▼ 1.47% CSN 1.06 ▼ 2.75% GERDAU 4.77 — 0.00% LATAM ADR 49.79 ▼ 2.87% BTC 65,027 ▼ 0.03% ETH 1,883 ▲ 0.34% SOL 75.16 ▼ 0.92% XRP 1.10 ▼ 0.31% BNB 566.08 ▼ 0.15% ADA 0.17 ▼ 1.20% DOGE 0.07 ▲ 0.47% AVAX 6.25 ▼ 0.19% LINK 8.45 ▼ 0.20% DOT 0.80 ▼ 1.51% LTC 46.35 ▼ 1.23% BCH 210.16 ▼ 0.91% TRX 0.33 ▲ 0.79% XLM 0.18 ▲ 0.16% HBAR 0.07 ▼ 0.94% NEAR 1.88 ▼ 0.08% ATOM 1.39 ▼ 1.98% AAVE 95.66 ▲ 0.65% SELIC 14.25% EMBRAER 83.40 ▼ 0.47% EMBRAER ADR 65.47 ▼ 0.88% JBS 12.13 ▼ 0.98% JBS BDR 61.82 ▲ 0.03% MBRF3 15.59 ▼ 2.74% MBRFY 3.09 ▼ 3.13% INTER 5.46 ▼ 4.04% EGX 53,932 ▼ 0.11% USD/ZAR 16.85 ▲ 0.20% USD/NGN 1,366 — 0.00% NIKKEI 64,611 ▼ 2.73% CSI300 4,649 ▼ 1.67% HSI 24,963 ▼ 0.98% NIFTY 23,767 ▼ 0.43% KOSPI 6,691 ▼ 5.72% JCI 6,196 ▼ 1.88% USD/JPY 163.82 ▲ 0.03% USD/CNY 6.7610 ▼ 0.08% DAX 24,934 ▲ 0.69% CAC 8,325 ▲ 0.31% FTSE 10,657 ▲ 0.17% MIB 51,630 ▲ 0.61% IBEX 19,434 ▲ 0.86% STOXX 641.42 ▲ 0.34% EUR/USD 1.1378 ▼ 0.04% GBP/USD 1.3324 ▲ 0.06% SPX 7,408 ▼ 1.21% DJI 51,712 ▼ 0.97% NDX 28,455 ▼ 1.87% RUT 2,940 ▼ 0.67% TSX 35,193 ▼ 0.82% VIX 18.89 ▲ 1.02% USD/CAD 1.4088 ▲ 0.06% US10Y 4.7030 ▲ 0.99%
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Friday, July 24, 2026

Venezuela Global Economy Briefing

US-Backed Venezuela Transition Talks Set to Begin in August

By · July 24, 2026 · 4 min read

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Key Facts

The start. US Secretary of State Marco Rubio said talks on a democratic transition in Venezuela will begin in early August.

The framework. A joint agenda between the government-aligned National Assembly and opposition lawmakers from the 2015-2020 legislature, backed by the US State Department, is due to begin August 1.

The absence. The initial agenda does not include María Corina Machado; representation falls to Dinorah Figuera, head of the 2015 Assembly.

The shift. Rubio later said any meaningful transition must include broad representation, singling out Machado.

Her stance. After meeting Rubio in Washington, Machado said she is willing to help a genuine transition.

Talks on a political transition in Venezuela are set to begin in August, with Washington closely involved and a question hanging over the role of opposition leader María Corina Machado. The Venezuela transition process is finally getting a date, if not yet a clear cast.

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Caracas, Venezuela. (Photo: Wikimedia Commons)
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After years of deadlock, there is movement toward a negotiated political transition in Venezuela, and the United States is at the center of it.

But who sits at the table is already contested.

What Is Planned

Secretary of State Marco Rubio said the talks will begin in early August. A joint working agenda between Venezuela’s government-aligned National Assembly and a group of opposition lawmakers from the 2015-2020 legislature is set to start on August 1, with explicit US backing.

Representation for that group falls to Dinorah Figuera, who leads the 2015 Assembly and returned to Caracas after years in exile.

The Machado Question

The initial agenda does not include María Corina Machado, whose supporters argue she won the 2024 election and should be central to any transition.

Rubio has since said any meaningful process must include broad representation across Venezuelan society, specifically naming Machado. After meeting him in Washington, she said she is willing to help help a genuine transition.

Why It Matters

Venezuela‘s political crisis has driven mass migration and economic collapse, so even the prospect of structured talks is significant for the country and the region.

Whether the process gains legitimacy will depend heavily on who is allowed to take part, a dispute that is already shaping the negotiations before they begin.

A Fragile, Contested Process

Venezuela’s crisis has driven one of the largest migrations in modern Latin American history and left its economy a shadow of its former self. Any credible path toward a settlement carries enormous weight for the region.

The dispute over who represents the opposition reflects years of fracture, with rival figures and bodies each claiming legitimacy. Deciding who sits at the table is itself a battle.

Washington’s central role gives the process leverage but also invites suspicion from those wary of outside influence in Venezuela’s politics. Every statement is parsed for whose interests it serves.

Whether talks produce real change or stall like past efforts will depend on details still to be worked out. For now, even a start date is a shift after years of deadlock.

Frequently Asked Questions

When will Venezuela’s transition talks begin?

US Secretary of State Marco Rubio said talks on a democratic transition will begin in early August, with a joint working agenda set to start on August 1.

Is María Corina Machado part of the talks?

The initial agenda does not include her; representation falls to Dinorah Figuera of the 2015 Assembly. However, Rubio later said any meaningful transition must include broad representation, specifically naming Machado.

Who is involved in the process?

Venezuela’s government-aligned National Assembly and a group of opposition lawmakers from the 2015-2020 legislature, with backing from the US State Department.

Sources

Connected Coverage

Sources: US Secretary of State Marco Rubio; Dinorah Figuera; María Corina Machado.

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