We are getting rid of the ties of a rentier economy


The president of the Bolivarian Republic of Venezuela, Nicolás Maduro, said on Monday that the country is moving towards consolidating economic diversification.
“We are getting rid of the ties of an economy dependent on oil income and we begin to walk the path that will activate all the productive forces of the country. We will guarantee the economic stability of the Homeland. Heading towards the Empowered Venezuela!”, wrote the Head of State in his Twitter account.
The president thanked on Friday the support of the United Nations Industrial Development Organization (UNIDO) to develop the country’s agro-industrial capacity, through diagnostics and action plans.
Maduro explained that with the advice, accompaniment and planning of the UNIDO in the economic and industrial development of Venezuela, begins a stage of productive impulse of corn, rice, black beans, coffee, cocoa, soy and sugar cane.
He also stressed that the alliance with UNIDO, in May last year, is one of the steps taken in the construction of a new economy.
He noted that for 100 years in Venezuela there was an economy dependent on oil exports.
“We are beginning the path of the post-rentier oil economy, which is going to take Venezuela, to turn it into an economic power, have no doubt about it. Venezuela will be an economic power that will produce wealth”, he added on that occasion.