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Venezuela Seen Handing Congress to Opposition in Sunday Vote

  • Voters to choose all 167 representatives in National Assembly
  • First results are expected Sunday evening, authorities say
Bloomberg business news

Venezuela's Opposition Wins Majority Over Maduro

Updated on

Venezuelans headed to the polls for congressional elections Sunday under an unprecedented economic contraction that is likely to leave the opposition in control of the National Assembly for the first time in 16 years.

The polls opened at 6 a.m. local time and were scheduled to close at 6 p.m., although the National Electoral Council said Sunday evening that voting centers would remain open until at least 7 p.m. or until no voters remained waiting to vote. The country’s dollar bonds could rise or fall as much as 15 percent if the vote opens the way to economic reforms, or leads to a political crisis and policy paralysis, Bank of America said last month.