President Nicolás Maduro: Venezuela registered economic growth during the first quarter of the year

This Tuesday, President Nicolás Maduro reported that during the first quarter of 2022, Venezuela registered economic growth above two digits.

During a special live broadcast through his Instagram, Facebook and Tik Tok accounts, the head of state stated that this is encouraging news, because the indicators are showing improvement.

He pointed out that, according to the Intelligence Bulletin of Experts, in Venezuela there is evidence of an increase in the real economy and the exchange system is «stable and sustainable.»

He added that factors such as the slowdown in inflation and the reproduction of bank credit are values ​​that intervene in the country’s economic growth in the first three months.

Entrepreneurs and agroalimentary producers:

In this context, he stated that entrepreneurship and food production are the sectors that have boosted bank credit the most.

He added that other sectors that have shown improvement are the fashion industry, tourism and recreation, according to the economic intelligence bulletin.

In this regard, he indicated that «for 120 years Venezuela imported 90% of all the food consumed: for the first time, in 2021, production reached 70% and this year we must reach 90% in national food production», emphasized Maduro.

The Bolivar gets strengthened:

During his message, President Nicolás Maduro stressed that the growth of the economy has promoted a strengthening of the bolivar, the official currency:

We are operating freely, the bolivar and the dollar. The bolivar has been getting stronger with real strength, with real monetary power and strength. The strength of economic activity, the strength of a solid state that produces organic bolivars”, he expressed.

Faced with these scenarios, he urged citizens to abandon the debate on whether or not to recover the country, and to emphasize on the advances that are being made:

Get out of the debate, the important thing is that we are taking the right steps, the important thing is that there are signs of recovery, that we are on the right path and we have found our own way, we have a basket of currencies and cryptocurrencies. The world that has been born, in the future, will be a world of a basket of currencies and cryptocurrencies and Venezuela is in the future”, he pointed out.