Venezuela's government and its opposition have agreed to create a UN-managed fund to finance health, food and education programs for the poor.
The deal is hoped to resolve a political crisis that has gripped the country since a contested 2018 presidential election.
"Dialogue between Maduro's government and the Venezuelan opposition [led by Juan Guaido] will resume on the 25th and 26th of November," Colombia's President Gustavo Petro announces.
Nicolas Maduro is being increasingly wooed by European countries which are facing a massive energy crisis following the Russian offensive in Ukraine.
Major Latin American countries led by leftist leaders vote in favour of discussing possibility of ousting Venezuela opposition leader Juan Guaido's representation in summit of Organization of American States.
Largest opposition bloc says it has "not been summoned" to talks as US seeks to rebuild ties with South American oil giant amid surge in oil prices due to conflict in Ukraine.
President Biden reaffirms Washington is willing to "calibrate sanctions policy" on Venezuela in accordance with the outcome of talks between Maduro's government and Guaido's opposition.
Biden administration authorises US oil company Chevron to open talks with Maduro's government, temporarily lifting a ban on such discussions, senior administration officials say.
President Nicolas Maduro’s calculation includes the potential for domestic and international political and economic gains.
Last November, the ICC opened a formal investigation into alleged rights violations during a crackdown by security forces on protests sparked by the arrests of several opposition leaders in 2017.
The recent regional elections were billed as a test for the beginning of the end of a years-long political stalemate.
Talks, mediated by Norway and hosted by Mexico, have a seven-point agenda including easing sanctions, political rights and electoral guarantees – but not the departure of President Maduro.
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