The president of the Central Bank of Venezuela, Calixto Ortega, presented on Tuesday the budget of income and operating expenses of the entity for the financial year of 2019, as well as the five lines of action of the institution for next year before the National Constituent Assembly (ANC).
During the session of the Original Power in the Federal Legislative Palace, the highest authority of the financial entity said that these lines are: To formulate macroeconomic policy instruments, in particular monetary and exchange policy; To articulate with the organs of the State, in order to propitiate conditions for the coherence of the economic policy actions.
The third line of action aims to strengthen the country’s international reserves to mitigate the adverse impacts on these products from external attacks on the national economy.
The other two lines of action of the BCV for 2019 are Contributing to financial stability and Sustaining social co-responsibility.
In a broadcast by VTV, Ortega stressed that 2019 will be important in stabilizing the country’s economy.
“It is important to highlight that 2019 is a year of strategic importance to advance and finalize the stabilization phase of the national economy and thus begin the path of recovery on a sustainable basis, as proposed in the Program for Economic Recovery, Growth and Prosperity”, he said.
He pointed out that the success of the program goes through the articulated work between all the entities involved in the economic issue, with the objective of fulfilling the goals of this plan for the development of the country.
He also ratified his commitment to continue applying monetary and fiscal policies, among others, to reduce inflation levels and boost the economy for growth.
