Violent clashes erupted in Venezuela between armed forces and Juan Guaido’s supporters and America claimed President Maduro was ready to escape to Cuba.
IMF expects hyper-inflation in Venezuela to hit 10 million per cent in 2019, nearly 10 times more than the 1.37 million per cent inflation rate predicted for 2018.
Venezuela is in economic turmoil, and US-backed opposition leader Juan Guaido has declared himself president after protests against incumbent Nicolas Maduro.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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