In terms of the internal situation, it was an interesting operation. Essentially what happened was that the figurehead of the regime—which we can think about as an ecosystem with various centres of power—was removed, but the ecosystem of power that is divided among different individuals within the government remains intact and largely unchanged.
One interesting thing we have seen is the cohesiveness, particularly of the security sector, to stay on board, even as some very significant economic reforms have been made. We would salute, certainly, the release of political prisoners and the creation of a reconciliation committee.
I think there are positive steps. Of course, we need to see more, and we would all love for that to be faster, but I think the attentiveness to the security situation is vital.
Outside of Caracas, the security situation remains extremely volatile. As I mentioned, armed and criminal groups—for example, the ELN— are clinging hard to their economic interests throughout the country, particularly in the mining sector, but also in trafficking. Addressing those security concerns is probably a very long-term situation, because the security arrangement that has been in place for years now has been for Caracas to essentially outsource controlling governments of certain areas of the country, particularly in rural areas, to non-state actors. Those groups exercise control, they impose rules on the community and they run the economy. They are essentially those who are governing. Rolling back that scenario, I think, will take some time.
In the meantime, we also need to be attentive about the potential for criminal organizations to try to take advantage of the situation and the changes in Caracas by, for example, expanding their control or moving into new illicit economies.
