What did Trump signal about Maria Corina Machado?

Reports indicate Trump may not support Maria Corina Machado and could work with Delcy Rodriguez instead. That stance lowers odds of a rapid, investor-friendly shift and near-term sanctions relief. For markets, it implies a longer risk window, slower capital inflows, and extended uncertainty over oil supply and contract enforcement.

What is the $1.7 trillion plan linked to Maria Corina Machado?

It refers to a proposed privatization and investment program across Venezuelan assets, including energy and infrastructure. The plan aims to raise about $1.7 trillion over time. Execution would require rule-of-law reforms, clear tenders, and sanctions clarity. Without political stability, valuations face discounts and timelines stretch.

Who is Delcy Rodriguez, and why does she matter now?

Delcy Rodriguez is a senior figure in the current Venezuelan power structure. If she becomes a key counterpart for Washington, it would shape cabinet choices, legal reforms, and the pace of any transition. That dynamic affects risk premiums, sanctions policy, and timelines for deals that Maria Corina Machado has promoted.

How should Swiss investors respond to the Venezuela transition risk?

Keep exposures modest, prioritize liquidity, and hedge USD risk against CHF. For EM debt, demand strong covenants and credible legal jurisdictions. For energy and trade finance, align with SECO guidance, assume slow sanctions relief, and stress test counterparty risk. Reassess after concrete policy signals or verified governance milestones.

Law and Government

January 04: Machado Snub Clouds Venezuela Transition, $1.7T Pitch

ByHuzaifa Zahoor January 4, 2026January 4, 2026

Maria Corina Machado faces fresh uncertainty after signals that Trump may not back her leadership in the Venezuela transition. He may instead work with Delcy Rodriguez, which clouds prospects for a market shift and quick sanctions relief. That puts Machado’s $1.7 trillion privatization pitch on hold, keeping risk high for energy and emerging market investors. For Switzerland, the outlook matters for commodity trading, EM debt funds, and CHF-based portfolios exposed to USD swings and policy shocks.