Merely allowing normal currency free currency trading rather than the strange mess they have at the moment and dropping price controls would fix a lot of the problems. Also allowing largely free trade and freedom of doing business and charging a normal market price for gas would help.

They could also apologize to the likes of Maria Lourdes Afiuni and try to reinstate rule of law and return some of the confiscated businesses to their owners.

Venezuela used to be the richest country in South America and has possibly the worlds largest oil reserves. It's taken some impressively bad governance to get it to its present state.