Nicolás Maduro announced that next week he will deliver to the National Assembly a “bill” for the “protection and promotion of exports and investment in Venezuela and from Venezuela.” He also indicated that they will offer shares of several public companies
Venezuelan President Nicolás Maduro announced this Wednesday, May 11, that they will offer between 5 and 10% of the shares of various public companies for national and international investment on the stock market.
«We need capital for the development of public companies; As of Monday, the order that I gave last year will begin to be specified,” Maduro assured.
He mentioned Cantv and the basic industries of Guayana.
Both Cantv and Movilnet were taken out of the stock market by the late President Hugo Chávez when he nationalized them in 2007. Maduro continues to reverse Chávez’s measures.
#Last minute | Between 5% and 10% of the shares of public companies will be offered through the Venezuelan Stock Exchange for national and international investment, announced the head of state @NicolasMaduro pic.twitter.com/YMD0SzShTW
— Presidential Press (@PresidentialVen) May 11, 2022
* Read: Maduro received the Foreign Minister of Cuba, Bruno Rodríguez, in Miraflores
Urge to export
The president also reported the creation of the “Easy Export Program” and called on “all the productive sectors” of the country to set themselves the objective of expanding their production, “to satisfy the internal needs of the country and build an export route,” he said.
Hours prior to the speech by the head of state, there was a sharp drop in electricity in several states of the country, including Caracas, Miranda, Aragua, Zulia, Táchira and Carabobo. 24,561 power outages were recorded in the country during the first four months of 2022, according to the Committee of People Affected by Blackouts. Without services there is no productivity.
He announced that next week he will deliver a “bill” to the National Assembly, to be agreed upon and approved with “all the economic sectors of the country”, a special law for “protection and promotion of exports and investment in Venezuela and from Venezuela “, said.
“Expansion and growth”
Maduro assured that Venezuela has entered a phase of expansion and growth of its exports.
“We are laying the foundations for a new Venezuelan economy of the 21st century, a diversified economy,” said the president from the Miraflores Palace, during the meeting. Productive Wednesday: export chapter and new sources of foreign currencywhich was attended by the Vice President of the Republic, Delcy Rodríguez, the Minister of Fisheries and Aquaculture, Juan Carlos Loyo and businessmen.
Export Easy
The “Exporta Fácil” program aims to “facilitate” all procedures for exports from the industrial sector and entrepreneurs. Through the “single window for Foreign Trade, 90% of the procedures are being simplified,” explained Delcy Rodríguez, who indicated that the state-owned companies Ipostel and Conviasa have joined this program, which will receive the cargo and carry out the distribution.
Between 2020 and 2021, the “Exporting Engine” grew by 76%. According to ECLAC (Economic Commission for Latin America and the Caribbean), Venezuela ranks 10th in the region’s export growth range, Maduro pointed out.
“Growth of the real economy”
The president assured that there was a “rebound in the growth of the real economy, trade, access to goods and services by the population,” and promised to “consolidate this first stage of recovery with exchange rate stability, defeating inflation and with generation of wealth.
He also assured that he is willing to work in dialogue with all national sectors in favor of the stability of the country’s economy.
Head of State, Nicolás Maduro, denounces campaigns to stop the economic recovery of Venezuela
“We are going to unite so that Venezuela recovers, enough of strategies for economic warfare. We are all going to work so that things work and work well,” he urged. pic.twitter.com/roivQb3wFl
— Presidential Press (@PresidentialVen) May 11, 2022
Maduro: “I am willing to listen”
«I am willing to listen and I listen a lot, I study and it is not a one-man job. In this case, it corresponds to me as President, but it is the work of a team that crosses ideas, crosses visions, proposals, where there are intense debates. We know what we are doing, where we are going and I assure you that we are going to consolidate this first stage of recovery, growth and expansion of the productive forces », he said.
He insisted on “national unity” to ensure that “the country recovers.”
«We are going to bet on the win-win. If Venezuela grows economically, we all win. Enough of strategies, for the economic war. We are all going to work, because things work and work well », he blurted out.
Developing…
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