Capital Flow Watch

Venezuela, officially titled Bolivarian Republic of Venezuela (Spanish: República Bolivariana de Venezuela), is a tropical country on the northern coast of South America. It is a continental mainland with numerous islands located off its coastline in the Caribbean Sea. The republic won its independence from Spain in 1821.
Venezuela borders Guyana to the east of the Essequibo River, Brazil to the south, and Colombia to the west. Trinidad and Tobago, Grenada, St. Lucia, Barbados, Curaçao, Bonaire, Aruba, Saint Vincent and the Grenadines and the Leeward Antilles lie just north, off the Venezuelan coast. Its size is 916,445 km² with an estimated population of 26,414,816. Its capital is Caracas. The colors of the Venezuelan flag are yellow, blue and red, in that order: the yellow stands for land wealth, the blue for the sea and sky of the country, and the red for the blood shed by the heroes of independence.
Venezuela has territorial disputes with Guyana, largely concerning the Essequibo area, and with Colombia concerning the Gulf of Venezuela. In 1895, after the dispute over the Essequibo River border flared up, it was submitted to a neutral commission (composed of United Kingdom, United States and Russian representatives and without a direct Venezuelan representative), which in 1899 decided mostly against Venezuela’s claim. Venezuela is known widely for its petroleum industry, the environmental diversity of its territory, and its natural features. Venezuela is considered to be among the world’s 18 most biodiverse countries, featuring diverse wildlife in a variety of protected habitats.
Venezuela is among the most urbanized countries in Latin America; the vast majority of Venezuelans live in the cities of the north, especially in the capital Caracas which is also the largest city. Other major cities include Maracaibo, Valencia, Maracay, Barquisimeto, Merida, Barcelona-Puerto La Cruz and Ciudad Guayana. (Wikipedia Feb 2010)