Venezuela interim government and opposition agree on judicial reform and frozen funds access

Venezuela’s interim government and opposition factions concluded the first round of negotiations on Wednesday, agreeing to a set of measures aimed at stabilising the country’s political and economic landscape. Central to the accord is a plan to reform the Supreme Tribunal of Justice, with both sides committing to reforms that would restore confidence in the judiciary’s independence and fairness.

The talks also addressed the nation’s urgent need for financial resources to rebuild after the devastating earthquakes that struck the country in June. The parties agreed to pursue access to the frozen Venezuelan reserves held at the Bank of England, a move intended to raise funds for reconstruction and humanitarian relief. The agreements mark a tentative step toward broader cooperation, though further rounds of discussion will be required to finalize the details and implementation of the proposed reforms and financial arrangements.