From the Simón Bolívar Hall of Miraflores Palace, the president of the Bolivarian Republic of Venezuela, Nicolás Maduro, led a meeting with representatives of the banking, insurance and securities sectors
At the meeting, key elements of the sector were discussed, a context in which the position of the Bolivarian Government has been characterized by building the necessary bridges, in order to boost the national economy.
An example has been the synergy in the economic field of the National Government, by directing important support to the Venezuelan Entrepreneurial Engine, through the credit programs of the national public banking system.
In this sense, the President has indicated the need for the private banking to also join in playing an active role in the process of the country’s economic recovery, through mechanisms with financing for entrepreneurs in the country.
Recently, President Maduro referred to financial support for entrepreneurship, based on which he stressed: «We will multiply credits and financing.»
In context, the digital portal of the Central Bank of Venezuela (BCV) published that to date there are thirteen quarters of growth in economic activity.
The financial entity’s information note states that the Gross Domestic Product (GDP) increased by 8.78% in the second quarter of 2024, while in the first quarter the increase was 8.40%, compared to the same period in 2023.
These results give continuity to the economic recovery process, which began in the second quarter of 2021 (thirteen quarters ago), and are supported by the heroic feat of resistance of the Venezuelan people against the economic blockade imposed on Venezuela, the persistence in economic policy actions and the participation of all sectors, strengthening the socio-productive framework to build a new economic model.
At this meeting, which took place at Miraflores Palace, were expected remarks by Román Maniglia, Vice Minister of Digital Economy, Banking, Insurance and Securities and President of the Bank of Venezuela; Pedro Pacheco, President of the Banking Association; and the Vice President of the Republic and Sectorial Vice President of Economy (E), Delcy Rodríguez, followed by remarks by President Nicolás Maduro.
