Speaking in Panama City alongside fellow Venezuelan opposition figures, Machado said the opposition remained focused on securing free and fair elections in which Venezuelans both inside and outside the country could participate.

Her comments come more than four months after a major shift in United States policy toward Venezuela, when the administration of Donald Trump moved away from supporting Machado and instead engaged with figures linked to Venezuela’s ruling establishment following the capture of then-president Nicolás Maduro by U.S. forces, according to the source material.

Machado has lived in exile since December after emerging from nearly a year in hiding inside Venezuela and traveling to Norway, where she received the Nobel Peace Prize. She said she hopes to return to her country before the end of next year.

The opposition leader stressed that any credible presidential election would require significant institutional reforms, including the appointment of politically neutral electoral authorities, updated voter registration systems and guarantees allowing opposition candidates to compete without state interference.

According to Machado, organizing a democratic presidential election under such conditions would require between seven and nine months of preparation.

The political timetable remains unclear. Venezuela’s constitution requires a presidential election within 30 days if a president becomes permanently unable to serve, but U.S. officials have recently downplayed expectations for an imminent vote while expressing support for acting president Delcy Rodríguez, whose government has expanded access for American investment in Venezuela’s oil sector amid elevated global energy prices.

Machado emerged as Maduro’s most prominent challenger in recent years but was barred by authorities from contesting the 2024 presidential election. In response, she endorsed former diplomat Edmundo González Urrutia as the opposition’s candidate.

Following that election, authorities aligned with the ruling party declared Maduro the winner shortly after polls closed. However, Machado’s campaign maintained that collected voting records showed González had won by a margin exceeding two-to-one.

Asked about a future presidential contest, Machado said she welcomed competition within the opposition and would be prepared to face any rival in what she described as a transparent and legitimate election.

“I will be a candidate, but there may be others, of course,” Machado told reporters. “I would love to compete with everyone, with anyone who wants to be a candidate.”