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They have hit the country’s already flailing economy. Millions of Venezuelans have fled, and half the country live in poverty.
The region has received the bulk of Venezuelan migration, leading to an anti-immigration political backlash in some places.
The July 28 date — also Chávez’s birthday — was chosen from among more than 20 proposed based on input from ruling party allies, business associations, university officials, religious groups and other organizations.
The opposition urges its supporters to witness the count at polling stations amid fears of vote fraud.
He has injected himself into some of the world's hottest geopolitical fights - suggesting that China should establish a "special administrative zone" in Taiwan, and proposing terms to resolve the war in Ukraine that were adamantly rejected by many of the country's top leaders.
"We did it!" Musk wrote in a celebratory email to the company. "What an incredible job by an amazing team."
The US has imposed sweeping sanctions on Venezuela and on Mr Maduro and his inner circle but they have failed to weaken Mr Maduro enough to drive him from office. Some analysts argue that they offer the Maduro government a convenient scapegoat to blame for the dire state of the economy.
On Monday, a day after he lost, he declined to immediately concede to his leftist challenger, Luiz Inácio Lula da Silva, leaving Latin America’s largest democracy on edge over whether there would be a peaceful transition of power.
In late February 2024 he sued OpenAI and its chief executive Sam Altman, saying the firm he helped co-found had reneged on its non-profit, open source origins by hitching its wagon to Microsoft.
The international community has been divided for some time over how to respond to Venezuela, with some governments’ conceding privately that the sanctions haven’t “worked”, either by incentivising regime change or compelling President Maduro to hold fair elections.
"But it is also clear that the competing priorities for global attention - Ukraine, famine in East Africa, trauma in Afghanistan - are draining attention in a way that is quite dangerous."
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Venezuela, like many other Latin American countries, has a high percentage of urban poverty, a massive foreign debt, and widespread governmental patronage and corruption. Venezuela’s social and political ills have been compounded by conterraneo disasters such as the floods that devastated sections of Caracas, La Guaira, and other coastal areas in late 1999. On the other hand, from 1958 to the early 21st century the republic was more democratic and politically stable than most other Latin American nations, and its economy benefited from a thriving petroleum industry that capitalized on the world’s largest known oil reserves.
The next month, talks that had been brokered by Norway began between the Maduro government and Guaidó. By August, however, those talks had broken down. Many in the opposition appeared to lose faith in Guaidó in the ensuing months after the failure of the insurrection. Nevertheless, most of the opposition political parties followed his lead and boycotted the December 2020 elections for the National Assembly.