Venezuela talks end with agreement on judicial reform and frozen funds

Venezuela's interim government and opposition representatives on Wednesday wrapped up a first round of talks aimed at reconciling the nation following the US ouster of longtime leader Nicolas Maduro.

A joint statement issued by the two sides highlighted agreement on two topics after several days of discussion: reforming the judiciary, and seeking access to frozen funds to aid in earthquake recovery efforts.

Both sides committed to "initiate a process that contributes to the transformation of the justice system", including "Reforms to the Organic Law" of Venezuela's top court, the Supreme Tribunal of Justice (TSJ).

The TSJ notably validated Maduro's 2024 re-election, despite serious allegations of fraud and no public release of the official results.

The document did not mention the National Electoral Council, another body the opposition hopes to overhaul after it also upheld Maduro's disputed victory.

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In light of the devastating twin earthquakes on June 24, which have left over 6,300 people dead, both sides also agreed to work towards the release of "Venezuela's international reserve assets held at the Bank of England".

Under Maduro, Venezuela had tried repeatedly and unsuccessfully to access the funds.

The joint statement also called for the establishment of "mechanisms for transparency, traceability, and auditing" to make sure the funds are properly used.

Interim president Delcy Rodriguez's government was represented at the talks by her brother Jorge Rodriguez, who is also the head of Venezuela's National Assembly.

Delcy Rodriguez was Maduro's vice president, but has nonetheless led the country with Washington's blessing, and has won praise from US President Donald Trump for acceding to his administration's desires.

Read moreUS-backed Venezuela political transition talks begin without Nobel laureate Machado

'No naivete'

The opposition was meanwhile represented by Dinorah Figuera, leader of the political bloc that won a majority in the 2015 National Assembly, the last legislature elected in a vote widely recognised by the international community.

Notably absent from the table is exiled opposition leader and Nobel Peace Prize laureate Maria Corina Machado, who has said she will not stand in the way of the process.

Many Venezuelans are hopeful that the transition talks will lead to democratic elections.

Over the last six days of talks, Figuera met separately with representatives of political prisoners, retirees and media workers and promised to advocate for their demands.

"We are in this process to achieve a democratic and free Venezuela," the politician wrote on X on Tuesday.

Dozens of opposition supporters gathered outside the hotel in Caracas where the talks were being held.

A source from the opposition delegation, who requested anonymity, compared the interim government to Nicaragua's oppressive administration, which the United States considers a dictatorship.

"There is no naivete on the part of the opposition delegation," the source said, adding that it "must take advantage of this window of opportunity".

Elections will only be announced after the reforms give way to a new Electoral Council, the source believes, adding that laws regulating terrorism and dissent need reforms due to their past use to persecute political prisoners.

The source told AFP the delegation viewed Machado as "the leader of the Venezuelan opposition ... she is the voice that Venezuelans identify as their own."

Some commentators believe that US President Donald Trump has vetoed Machado's return to Venezuela, which Washington denies.

The US leader has repeatedly voiced satisfaction with Rodriguez's administration.

(FRANCE 24 with AFP)

Reporting from FRANCE 24 contributed to this story.