< ALACRA META ABSTRACT>BMI View: Venezuela s domestic defence sector remains one of the smallest in Latin America in terms of expenditure, which we project at USD-.-bn in ----. Moreover, in terms of production, Venezuela will remain an insignificant player in the world arms market. ...Moreover, in terms of production, Venezuela will remain an insignificant player in the world arms market. Local defence companies are capable of manufacturing a range of equipment - including small arms and ammunitions, simple vessels and aircraft, armoured vehicles and textiles - though their ability to develop more technologically advanced items remains limited. As such, the country continues to rely on foreign suppliers to meet the requirements of its armed forces. ...Venezuela s anti-US foreign policy may start to become an impediment to foreign-sourced funding and arms procurement, as ally Iran moves to the West after an agreement was reached over their nuclear programme. Regionally, Caracas is still aligned with Cuba and faces ongoing tension with pro-US neighbour Colombia amid localised drug trafficking and political insurgencies.
...� Business Monitor International Ltd Page - army (--,---), with the rest split between the navy (--,---), air force (--,---) and national guard (--,---). The government also has a ---,--- strong reserve army at its disposal. ...In addition, the armed forces have created their own television channel, housing programme and bank, the only military-owned one outside Iran and Vietnam. Table: Armed Forces Personnel (Venezuela ---------) ---- ---- ---- ---- ---- ---- Total armed forces, ---s --.- ---.- ---.- ---.- ---.- ---.- Total armed forces, of population -.-- -.-- -.-- -.-- -.-- -.-- Total armed forces, of manpower available for military -.-- -.-- -.-- -.-- -.-- -.-- Total armed forces, of manpower fit for military -.-- - -.-- -.-- -.-- - na = not available. Source: World Bank, BMI There has been a consistent increase y-o-y in the percentage of the population available for military service since ----, and this figure will average --.- of the population in the short and medium terms between ---- and ---- representing a total of over --mn people. ...Table: Armed Forces Personnel (Venezuela ---------) ---- ---- ---- ---- ---- ---- Total armed forces, ---s --.- ---.- ---.- ---.- ---.- ---.- Total armed forces, of population -.-- -.-- -.-- -.-- -.-- -.-- Total armed forces, of manpower available for military -.-- -.-- -.-- -.-- -.-- -.-- Total armed forces, of manpower fit for military -.-- - -.-- -.-- -.-- - na = not available. Source: World Bank, BMI There has been a consistent increase y-o-y in the percentage of the population available for military service since ----, and this figure will average --.- of the population in the short and medium terms between ---- and ---- representing a total of over --mn people.
...In recent years the drop of oil prices has imposed budgetary restrictions on the government s procurement plans. The country still needs to allocate resources to face a wide range of security challenges as a result of border disputes with neighbouring Colombia, internal terrorist and the need to control the peace inside the country amidst increasing protest against the government. ...
