Announcement
22 May 2009
In May 2009, the government of Venezuela announced altered domestic business conditions for foreign investors.
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Number of interventions
1
0 certainly harmful
1 likely harmful
0 liberalising
List of interventions
1 in force
Implementation date
22 May 2009
Revocation date:
No revocation date
FDI: Treatment and operations, nes
In force
On May 22, 2009, the Venezuelan government nationalised Banco de Venezuela. It bought it for USD 1.050 billion from the Spanish Bank Santander. Banco de Venezuela had been nationalised in 1994. Two ye...
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