Venezuela negotiates US$17 billion with multilateral lenders for the productive sector
At the Conindustria Congress, a five-year scheme for productive projects was announced. The acting president cited GDP growth of 6.6% in the third quarter.
On November 3, at the close of the Conindustria Congress in Caracas, acting president Delcy Rodríguez presented figures and announcements for the productive sector.
She reported advanced negotiations with multilateral organizations for US$17 billion over five years. The funds would go to public and private productive projects, not to consumption.
According to the president, GDP grew 6.6% in the third quarter and monthly inflation in October was 6.2%, the lowest in 24 months. She said consumption rose 23% in 12 months. These are figures announced by the Executive.
The industry's installed capacity stands around 52% and the goal is to reach 100% in the coming years. A technical working group with Conindustria will be created and export procedures will be simplified before year-end.
The president cited 80 signed hydrocarbon agreements and about US$76 billion of investment over five years. Conindustria president Tito López reported meetings with investors from Europe, Asia and the Americas interested in producing in the country.
