Venezuela plans to receive $12 billion in financing from multilateral organizations in two years to boost its economic development, the interim president stated this Thursday. Delcy Rodriguezmonths after reestablishing relations with these institutions.
Rodríguez, who governs under pressure from Washington after the capture in January Nicolas Maduro During a US operation, he resumed his country’s ties with the International Monetary Fund (IMF), the World Bank (WB) and the Inter-American Development Bank (IDB).
“We are estimating that in the next two years Venezuela will receive financing, public and private, in an estimated 12,000 million dollars,” he said. Rodriguez this Thursday during a meeting with businessmen.
These organizations had left Venezuela years ago. He IDB suspended its financial relationship with the country due to non-compliance with payments, while the IMF and WB broke the link after not recognizing Maduro as legitimate president.
The president, who met with representatives of these multilateral organizations during a recent visit to New Yorkhas reiterated the need to obtain financing for the country’s recovery after the double earthquake on June 24 that left more than 6,500 dead and thousands of families homeless.
“We want these financing mechanisms to permeate all strata of Venezuela’s economic activity,” he highlighted.
Venezuela It received 346 million dollars in July, of the almost 5.1 billion of its reserves in the IMF.
During his participation in the annual assembly of Fedecámaraswhich brings together the country’s employers’ organizations, Rodríguez spoke about the economic panorama of Venezuela and referred to the protests over the daily blackouts that overwhelm much of the country.
As protests spread, experts warn that electrical infrastructure is severely damaged after years of disinvestment.
“That is not the way. I have not seen that burning rubber adds even 10 megawatts to the National Electric System“said the president in charge.
Venezuela currently produces about 12,000 megawatts, far from its maximum consumption demand, which at the end of September reached 16,000.
Rodríguez plans to incorporate 7,400 megawatts into the system in the coming years through agreements with multinationals. He also anticipated the recovery of another 1,300 before the end of 2026.
He also said that before December there will be a reform in the electricity sector.
