(Piero Stewart, Energy Analytics Institute, 27.Dec.2024) — Venezuela’s president Nicolás Maduro assured that his Caribbean country has procured investments of up to $52bn over 2 years. The supposed investment will come from BRICS member countries — Brazil, Russia, India, China and South Africa — as well as other countries and destined for all sectors of the Venezuelan economy.
“We welcome investors from the US,” Maduro added 27 Dec. 2024 during a television broadcast on state channel Venezolana de Televisión (VTV).
During his discussion, Maduro said that Venezuelan coffee had “great possibilities of conquering very important markets” abroad, including Asia and Europe, as part of efforts to free the OPEC economy from its reliance on oil rents.
Last month, Venezuela executive vice president Delcy Rodríguez told investors that Venezuela was a safe country to make investments, while stressing the presence of a legal framework that protected investors.
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By Piero Stewart reporting from Caracas. © Energy Analytics Institute (EAI). All Rights Reserved.
