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María Corina Machado

Venezuela opposition leader María Corina Machado calls for elections next year

Exiled Nobel Peace Prize laureate demands ‘transparency’ over oil revenues after deal with Trump administration

María Corina Machado said: ‘Things could move faster and steadily without any risk of instability’ in Venezuela © Walter Hurtado/FT
Joe Daniels in Panama City, Ana Rodríguez Brazón in Caracas and Geoff Dyer in London
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Exiled Venezuelan opposition leader María Corina Machado has called for presidential elections next year, even as she acknowledged “differences” with the US over the timeline for a democratic transition in a country with some of the world’s biggest oil reserves.

There was “more than enough time” to prepare for an election by July, Machado, the winner of last year’s Nobel Peace Prize, told the FT in an interview.

She also called for “transparency” in the management of proceeds from Venezuela’s oil sales, which are being overseen by Washington.

“The US government and the Venezuelan people all agree that the only way to make this sustainable and a real victory is to turn Venezuela into a stable democracy,” said Machado.

Opposition leader María Corina Machado says she intends to return to Venezuela and be part of a transition to democracy

Every single Venezuelan understands that the only way we can have an improvement in the life conditions is through real political change. I'm here in Panama City where I've just spoken to Maria Corina Machado, the Venezuelan opposition leader and Nobel Peace Prize laureate, about her plans to return to Venezuela, where she hopes to be part of the country's transition to democracy. There's a lot of reforms that have to be done to all Venezuelan institutions. Everybody knows that Venezuela is almost a failed state in terms of basic services have collapsed. The economy is a disaster. Machado also said that for investment to really take off in Venezuela, what's required is the rule of law and a government with democratic credentials that investors can trust. Economic reforms have to be put in place. We have to open markets. We have to dismantle the socialist regime. But you can only have trust... The degree of trust in Venezuela you're required to have, you know, $200 billion invested in energy in oil and gas, you have to have legitimacy. You have to have rule of law. You have to have enforcement for contracts and protection for private property. And that will only happen if you have institutions, democratic institutions, in place. She says that the interim government in Venezuela, Delcy Rodriguez, is preventing her return. There have been growing obstacles. Nonetheless, I think, and I'm, I'm working every single day in order to overcome these obstacles and be able to go back to Venezuela. And I think that my presence in Venezuela will be a source of certainty, and help channel orderly and peacefully all these growing tensions that we're seeing in our country right now and the social unrest because of the horrible conditions under which our people live. So I think that rather than being an obstacle for transition, it is a significant factor, my presence will be a significant factor to facilitate it. And that's why I'm going back.
Opposition leader María Corina Machado discusses her intention to return to Venezuela © FT

Machado, currently based in Panama, has not returned to Venezuela since she left in December to receive the Nobel Peace Prize in Oslo. In early January, US special forces arrested Venezuela’s authoritarian former president Nicolás Maduro in a dramatic night-time operation.

The Trump administration has said it wants to see a political transition, but it has not outlined a timetable for elections. Machado remains Venezuela’s most popular politician, but Washington backed Maduro’s deputy Delcy Rodríguez, who is now the acting president.

“Things could move faster and steadily without any risk of instability in the country,” Machado said. “I think where there is a different assessment is in the pace, in the timing. I’m saying I believe we can move ahead and we’re ready.”

María Corina Machado speaks to a gathering of Venezuelans in Panama City in May
María Corina Machado speaks to a gathering of Venezuelans in Panama City in May © Enea Lebrun/Getty Images

Maduro and his wife Cilia Flores — who was also arrested — remain in jail in New York awaiting trial on drug-trafficking charges, which they have denied. US authorities this week added torture conspiracy charges·. Their trial is expected to begin next year.

Some members of Venezuela’s opposition have become increasingly frustrated with the US approach, including a recent deal to hand over control of part of the country’s vast oil reserves to a private company backed by the Pentagon.

Washington has been managing the proceeds from Venezuela’s oil sales since January, but the Trump administration has not disclosed how much it has collected or disbursed.

Asked if she would like to see more transparency, Machado said: “Certainly, and I think that’s something that Venezuelan people are demanding as well.” She added that large-scale investment could be unlocked with a “legitimate” government.

But Machado risks being sidelined if she openly breaks with the Trump administration. She has made at least seven unsuccessful attempts to return in recent months with boats and planes cancelled at the last minute for unexplained reasons, her team said.

“It’s obvious that the regime does not want me to go back,” Machado said.

US President Trump wth Venezuelan opposition leader María Corina Machado in the Oval Office in January
Machado, right, presented US President Donald Trump with her Nobel Peace Prize in January © Daniel Torok/The White House/Reuters

She dismissed suggestions, however, that Washington was blocking her return. “The secretary of state [Marco Rubio] has said publicly and privately that I have the absolute right to return to Venezuela,” she said. “I think the US understands that my presence in Venezuela would be a strong signal that the transition plan is working.”

Machado said that she would back a proposal to hold elections on July 24, the birthday of Venezuela’s independence hero Simón Bolívar. “Bolívar is Venezuela’s liberator and is a figure that unites our nation and many other nations in the region, so I think that’s a beautiful date,” Machado said.

A survey by local polling group Meganálisis this month projected she would win 61.2 per cent of the vote, against Rodríguez’s 3.1 per cent.

“The presence of the United States is what’s keeping Rodríguez in place and moving in one direction,” Machado said.

Machado’s supporters have staged marches in recent weeks calling for her return. “We Venezuelans want her to come back and defend our rights,” said Rina Palma in Caracas, where crowds of thousands shouted for “elections now”. 

“María Corina faces a real dilemma: go back without Trump and work it out as she goes, or take on the country that’s calling the shots in Venezuela,” said Edward Rodríguez, a Venezuelan political analyst.

Earlier this week, Trump described Machado as “a very fine woman”. He also referenced her gifting him her Nobel medal, which he is known to covet, during their meeting in January.

The prize had a “unique effect in unifying” the country, coming “in perhaps one of the darkest hours” of its repression, Machado said.

“It was like an injection of strength because we felt we were not alone,” she said.


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