Venezuela defeated the international financial campaign promoted from the right wing to try to declare the country in financial default, as part of the economic war that has among its edges the political use of risk rating agencies.
President Nicolás Maduro said on Sunday that Venezuela has put a stop to that campaign, referring to the 60 billion dollars that the National Government has paid the last three years in international commitments.
“We have defeated the campaign that was made against us from the United States in order to declare Venezuela in (financial) default,” he assured.
“This 2016 has been one of victory against the financial war that sought a blockade in Venezuela,” emphasized the President, in his program “Contacto con Maduro” (Contact with Maduro) number 73, broadcast from La Victoria, Aragua state.
Venezuela is the only country in South America that has never stopped paying its foreign debt commitments, which gives it authority over international financial markets, as acknowledged this year Ernesto Samper, Secretary General of the Union of South American Nations (UNASUR) in a visit he made to Caracas in April to participate in the installation of the Commission for Truth.
Despite the solvency of Venezuela – which has the largest oil reserves in the world with a figure that exceeds 299 billion barrels – the rating agencies of the international financial system give the country a high level of risk, which does not correspond to the economic indicators.
Since 2014, the President has denounced an attempt to block Venezuela, which has one of its main instruments in the rating agencies, used to raise the country risk meter and from there generate reactions that prevent the Bolivarian nation from accessing financing or credits abroad.
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