Delcy Rodriguez has begun reversing Venezuela's socialist economic model under the guidance of United States officials, four months after U.S. forces captured President Nicolas Maduro and removed him from power. Rodriguez assumed the presidency following Maduro's capture and has prioritized economic liberalization while maintaining tight control of political conditions.

Thirteen of 32 ministerial positions have been reshuffled under Rodriguez's administration, which has long been dominated by military figures and interests. Vladimir Padrino Lopez was dismissed as defense minister in March and appointed agriculture minister. Diosdado Cabello serves as interior minister, and both have aligned behind Rodriguez.

Sanctions, bounties, and arrest warrants issued against Rodriguez by successive U.S. presidents have been rescinded. President Donald Trump praised Rodriguez for doing a great job and said she is working well with U.S. representatives.

New laws and regulations reversing the nationalization drive launched under former president Hugo Chavez are reopening the hydrocarbons and mining sectors to private investment. A Commission for the Evaluation of Public Assets was unveiled to audit state ownership in agriculture, manufacturing, and infrastructure. The economic changes are designed to spur investor interest in extracting Venezuela's hydrocarbon and mineral resources.

Rodriguez steered Venezuela back into the International Monetary Fund, ending a suspension that began in 2019. IMF Managing Director Kristalina Georgieva reports having productive conversations with Rodriguez.

An amnesty law passed in February released more than 2,200 people from prison or withdrew legal restrictions against them. Over 400 people remain incarcerated under the law, which has been parked for revision. The Trump administration and Rodriguez have avoided committing to a presidential election.

The United Socialist Party of Venezuela continues to control the national assembly, supreme court, national electoral administration, police, and military. PSUV governors hold office in 23 of Venezuela's 24 states.

Venezuela's move toward socialism began under Chavez, who entered office in 1999 and initiated nationalizations, state-led oil wealth redistribution, and increased social spending in a process he called the Bolivarian revolution. Maduro replaced Chavez as president after Chavez's death in 2013. Dependence on commodity exploitation has been a fundamental factor in Venezuela's instability since the 1970s, and the Bolivarian revolution pledged to end that dependence.