President Maduro: New parliament must boost economic recovery

The reconstruction of a new economy in a gradual, progressive and sustained way, hand in hand with the Anti-Blockade Law with which the Executive has certain advances, should be one of the objectives of the new National Assembly.

This was expressed by President Nicolás Maduro in a meeting with journalists at Miraflores Palace. “Venezuela needs to recover its income, its wealth, it is fundamental and that is in the national interest,” he said.

Among the objectives is the recovery of the capacity to sell Venezuelan crude in the world and promote the engines of national growth, such as the Local Supply and Production Committees, which are 80% of national production and have a goal in 2021 to reach 7 million families.

Maduro took the opportunity to express to the private sector and investors that in Venezuela “A new time will come and it will find us ready for all the changes, all the reforms and all the adaptations that are needed to boost the productive apparatus and to support those private sectors in their growth”.

He recalled the aggression to the economy by the United States revealed in 2019 by the senator of the Republican Party, Richard Black, who mentioned the strategy of using the international financial system to attack the Venezuelan currency.

Likewise, he pointed out to far-right opponents Juan Guaidó and Julio Borges who called for sanctions against the purchasing power of Venezuelans, the importation of food and medicines.

For her part, the executive vice president, Delcy Rodríguez, commented that sustained meetings are being held with investors and businessmen, including those belonging to the Consecomercio guild, to make progress as part of the Anti-Blockade Law, in order to promote a State-private sector conjunction to generate wealth in the country.

First 100 days plan:

Maduro stressed that the priority is to recover income in the first semester of 2021 and in this regard there is a 100-day plan on which the candidates for deputies of the Great Patriotic Pole are working:

“With the Anti-Blockade Law and the subsidiary laws and the decisions that the new NA is going to approve, I am sure that we are going to take a gradual path of economic recovery,” he stressed, and specified that the communal economy of entrepreneurship by young people and women it will be strengthened.

He denounced the dollar market has been created for an internal war of the economy and the challenge that the Government has is to find a balance in the management of a basket of currencies that includes the bolivar, the dollar and other currencies along with crypto assets.

He mentioned that in 2020 efforts were made to control hyperinflation and bring it into a phase of high inflation in a control phase.