As a provision to contain the spread of (Covid-19) in Venezuela, the Bolivarian Government has called for radicalizing the social and collective quarantine throughout the country, thus suspending all academic and economic activities throughout the national territory.
In order to face this scenario and safeguard the Venezuelan people, the sectoral vice president for the Economic Area, Tareck El Aissami, in statements from Miraflores Palace, ratified this Tuesday the measures that have been ordered in the economic field:
The labor immobility measure is ratified, until December 31, 2020.
A special payroll payment plan is activated for small and medium-sized companies and businesses through the Homeland System. Companies must enter the website of the Patria system: institution.patria. org.ve, there each must load the list of their workers. So far more than 300 companies have uploaded their workers’ lists; consecutively, the complementary deposit of the payroll will begin.
The bonds system for the people is strengthened, a policy that has achieved to deliver this March to more than 9 million people, through the Homeland Card, two corresponding bonds so far this month: March of Loyalty and Discipline and Solidarity.
Starting today, the “Stay At Home” bond will be issued to more than 6 million workers; 4 million (independent workers) and two million (workers in private companies as a complement to payroll).
Was corroborated the suspension for six months of lease payments for commercial properties and those used as main dwelling, in order to protect entrepreneurs and small businesses, as well as Venezuelan families whose main residence is leased, for which forced evictions remain prohibited.
It was agreed to convene in the next few hours a working meeting with the different real estate chambers, to mutually agree on a real estate policy protecting the various real estate sectors.
Prioritized investment in food was ratified through the Centralized Public Procurement Plan. In this sense, the necessary resources have been approved to guarantee the distribution of 7 million CLAP food boxes until August this year.
Was ordered the suspension of principal and interest payments on all credits in the country is approved for a period of six months; consequently, the suspension of the payment moratorium, caused by the aforementioned extension.
Interest are temporarily abolished on fines, up to six months.
Suspension of credit risk reclassification is approved to protect clients’ credit history within the national banking system.
It was agreed, in the context of the Covid-19 emergency, that the unique productive portfolio, recently created by President Maduro, will guide all financial investment for the strategic sectors: food, industries and chains, pharmaceutical industries, drugstores and pharmacies, industries that produce household items, hygiene, personal hygiene, among these products such as disinfectants and chlorine.
Regulations will be issued through the Ministry of Finance, the Superintendency of Institutions of the Banking Sector of Venezuela (Sudeban), so that they are built and favor all productive sectors.
It was approved the exemption from taxes, fees and payment of any import duty of raw material, capital goods and supplies. In the next few hours, an Extraordinary Official Gazette will be published detailing the tariffs that will be exempt from tax or tribute payments.
Likewise there were advances in the coordination with telecommunications companies in order to improve, expand services and provide guarantees for them in the context of this situation.
It is prohibited for the next six months the cut on telecommunication services, be it television by subscription, telephony or any means of communication for the family. For this, “we have instructed, through Conatel and its president, Minister Jorge Márquez, the necessary provisions so that all companies providing these services guarantee the continuity of these services”, said the Vice President for the Economic Area, Tareck El Aissami.
