Venezuelan lawmakers granted President Nicolas Maduro year-long decree powers on Tuesday that he says are essential to regulate the economy and stamp out corruption. His adversaries, however, view the move as a power grab.
The Bolivarian Republic of Venezuela is situated on the northern coast of South America. Home to an estimated population of 29.1 million, it covers around 916,445 square kilometres which includes the Andes mountains and the Amazon Basin Rainforest. Its main export is oil. Venezuela was colonized by Spain in 1522 but continued resistance led in 1811 to it becoming the first Spanish American country to declare independence. A chequered political history followed which saw dictatorships rise and fall, as well as military coups. The current president is founder of the Revolutionary Bolivarian Movement-200, Hugo Chávez.