Venezuelan President Nicolas Maduro's government is set to sign an agreement with the country's opposition on Tuesday that could pave the way for some relief from oil-related U.S. sanctions in return for commitments to hold a free and fair 2024 presidential election. The United States has long said it would lift some of its sanctions in exchange for democratic concessions from Venezuela's socialist president. Tuesday's meeting in Barbados between the government and opposition marks their first in 11 months.
CRISIL on Wednesday pointed out that the social welfare spending of the largest 11 states, which account for 75-80% of the countrys national output, has witnessed a jump since FY18, with the sector accounting for 1.7% share of the GSDP in FY24, compared with 1.2-1.3% earlier.
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