Delcy Rodríguez assured that foreign exchange from oil revenues will be channeled through the financial system to boost production, recover credit and replace imports, and proposed the creation of a national committee to defend the economic rights of Venezuela in international bodies.
Delcy Rodríguez headed a National Economic Council this Friday, January 16, in which she assured that she is not afraid to resume and deepen relations with the United States and raised some lines for the country’s economic agenda, which she indicated must “be at the service of the Venezuelan people.” He also announced the first export of liquefied gas.
He maintained that ties with North America date back to the time of Simón Bolívar and stated that the setbacks that had occurred came from “misunderstandings of the political, economic and social reality” of the country. She reiterated that currently, after being in charge of the Executive after the capture of Nicolás Maduro and Cilia Flores by the US military forces, both nations address issues of energy, commercial and economic cooperation “in different senses.”
Delcy Rodríguez highlighted the signing, “for the first time in our history”, of an LPG (Liquefied Petroleum Gas) marketing contract: “Venezuela’s first gas molecule will be exported”he stated, although he did not specify for which country or the quantities.
On the other hand, Rodríguez stressed that opening to international investment does not imply displacing national production, whether public or private: “International investment is welcome,” he said, but under schemes that promote national companies, he insisted. As an example, he gave Ferrominera del Orinoco, where he explained that investors relied on local suppliers and services: “That is the scheme we want to promote for this stage of Venezuela,” he said.
The new person in charge of power in the country affirmed that the income from the sale of large volumes of oil “is already occurring” and explained that they will be received in the country through the Central Bank of Venezuela (BCV) in conjunction with private banks, to channel it through the exchange market.
*Read also: María Corina Machado: Delcy Rodríguez is following orders, not reaching agreements
He insisted that the priority is that the foreign currency that enters the country boosts the national economy, recovers productive capacities and asked that “past mistakes be avoided.” He emphasized that oil income must translate into greater well-being and serve as a driving force for strategic sectors, as well as to recover productive credit.
Another axis of the economic program, he explained, is the strategic substitution of imports and the diversification of the economy to overcome oil rentism. In terms of oil, he indicated that the country will seek to attract investment in both mature fields and virgin fields, the latter with different rules due to their lack of infrastructure. To do this, he spoke of a “mathematical factor of balance and correction”, which allows attracting capital.
*Journalism in Venezuela is carried out in a hostile environment for the press with dozens of legal instruments in place to punish the word, especially the laws “against hate”, “against fascism” and “against the blockade.” This content was written taking into consideration the threats and limits that, consequently, have been imposed on the dissemination of information from within the country.
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