Venezuela has experienced one of the deepest economic collapses in modern history, with incomes falling sharply, poverty soaring, and millions forced to leave the country. Following the removal of Nicolás Maduro from power, Venezuela now faces a moment of uncertainty and possibility. In this episode of the CGD Podcast, I'm joined by Dany Bahar, Director of CGD's Migration and Displacement Program, and Liliana Rojas-Suarez, Director of CGD's Latin America Initiative, to discuss what comes next. We examine how Venezuela reached this point, the conditions that need to be in place for a credible economic recovery, the role of oil and debt restructuring, and how the country can realistically chart a path out of poverty and back toward stability and growth.