President Nicolas Maduro is looking for reelection for a six-year time period in an electoral course of that has been criticized each inside and out of doors Venezuela.
The principle opposition coalition is boycotting the election, although Maduro just isn’t with out challengers.
Maduro’s chief rival in Sunday’s vote is Henri Falcon, a former state governor and onetime loyalist of the ruling social gathering who broke ranks in 2010.
Amid allegations from leaders within the area that the election course of lacks legitimacy, Maduro mentioned the end result shall be revered.
“There was a fierce marketing campaign by the federal government of Donald Trump,” Maduro mentioned in a information convention on Sunday. “In the USA there was a fierce stress to attempt to besmirch the Venezuelan elections — they usually could not.”
The nation has endured political tumult and financial distress, together with meals and drugs shortages, and hyperinflation.
Maduro has been Venezuela’s President since former President Hugo Chavez died in 2013.
Beneath Chavez, the nation turned towards socialism. Many Venezuelans noticed him because the hero of the poor. Earlier than he died, Chavez picked Maduro as his successor, which helped put Maduro excessive within the 2013 presidential election.
As soon as he took energy, Maduro saved up Chavez’s practices resembling enormous welfare packages and value controls for many items, together with meals.
Venezuela holds the world’s largest provide of crude oil — which as soon as appeared like an limitless gusher of money for the federal government.
Plummeting oil costs crashed the nation’s financial system in 2016. It has since fully collapsed, and the nation now finds itself in the midst of a monetary disaster. The Worldwide Financial fund expects that inflation in Venezuela will attain 13,000% in 2018.
Falcon was as soon as a Chavez supporter. In 2010, he broke with the ruling social gathering and has been a vocal critic of the federal government lately. He believes the way in which out of the monetary disaster is the dollarization of the nation — pinning the nation’s financial system on the US greenback.