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38 November, 2020 Venezuela Global: 76 Availability: 62 Cost: 76 Regulation: 76 Productivity: 76 2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 21) Region: 21 Availability: 11 Cost: 21 Regulation: 21 Productivity: 21 Remote Readiness 13 Remote Readiness 67 • A new law has been decreed where employers may not dismiss, impair the labor conditions or transfer a worker without just cause https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19 Commercial flights have generally been suspended until February 2021 with the exception of Bolivia, Dominican Republic, Iran, Mexico, Panama. Russia and Turkey. Interstate travel and domestic flights are prohibited. Lockdowns vary depending on the local authority. Venezuela Q4 2019* Q4 2020* % Change YOY Total Workforce 14.6M 12.2M -16% Unemployment Rate (%) 9.1% 35.5% +291% Unemployed Workers 1.33M 4.35M +227% Manpower 2020 Total Workforce Index Workforce Statistics Covid-19 Situation Border Closures and Restrictions Additional Government Spending and Foregone Revenue to September 2020 Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis) Total W orkforce figures are estimated by the W orld Bank. The 2020 figure for the unemployment rate is an estimate from the IMF. https://covid19.who.int/ Other Sources: https://data.worldbank.org/ https://ilostat.ilo.org/ https://home.kpmg/xx/en/home/insights/ https://www.gov.uk/foreign-travel-advice United States Embassy https://tradingeconomics.com/