This Sunday it is expected that Foreign investors return to Caracas with the hope that the reopening of Venezuela will be maintained, despite any political changes in the country or in the United States.
The visit of the delegation of about 65 people, organized by the consulting firm Signum Global Advisors, It is the second that the firm carries out in the country. This, since the United States carried out a military incursion in Caracas – in January – that ended with the capture of Nicolás Maduro, reported the Reuters news agency.
Furthermore, this trip occurs shortly after Democrats gained control of both houses of Congress in the midterm elections in the United States. A result that calls into question how long US President Donald Trump’s policy towards Venezuela will be maintained.
“I believe that any future US administration, Democratic or Republican, will want Venezuela to succeed,” Charles Myers, president and founder of Signum, told said media outlet. They also believe that Venezuela could complete the transition to democracy before the 2028 US presidential elections.
In addition, he considered that the government of the president in charge of Venezuela, Delcy Rodríguez, “has continued to far exceed expectations in practically all the indicators that any foreign investor would use to measure the country’s performance.”
Signum’s delegation is made up of oil and gas, infrastructure and chemicals investors. Also by bondholders and emerging market funds from the United States, Canada, Europe, the Middle East and Latin America, Myers stated.
The investors are scheduled to meet with national government officials, representatives of the Central Bank of Venezuela (BCV) and Petróleos de Venezuela SA (PDVSA). They will also hold meetings with CEOs from the private sector, mentioned.
“The biggest opportunity continues to be in the oil and gas sector,” as well as related infrastructure, Myers said. He added that bondholders try to get an idea of how the Venezuelan economy is doing.
