Within the framework of the national economic recovery, the President of the Bolivarian Republic of Venezuela, Delcy Rodríguez, highlighted that the country’s oil production exceeded 1,230,000 barrels per day, reaching its highest operational figure since February 2019.
The dignitary emphasized that, in parallel with efforts to address the climate emergency, the National Executive signed 50 strategic agreements with private and international investment in the oil and gas sectors, which will encompass the development of more than 76 hydrocarbon production areas nationwide.
Likewise, the Head of State referenced the estimates from the Economic Commission for Latin America and the Caribbean (ECLAC), which project GDP growth of 6.5% for the country by year’s end, leading the region’s expansion after consolidating 21 consecutive quarters of economic growth.
In the macroeconomic scope, she highlighted the reduction of the exchange rate gap, which gradually decreased from 30% to 12.3% in the last two months, and reported on the progress made in normalizing financial relations with multilateral organizations such as the International Monetary Fund (IMF), the World Bank, and the Inter-American Development Bank (IDB).
«Behind that number is something very concrete: that a family can better manage its expenses, that its income becomes more efficient, that a merchant can set prices with greater certainty, and that a company can plan and invest,» detailed the president during her message.