Vice-president El Aissami: Protection policies support economic sectors to face the Covid-19 pandemic

The Sector Vice-president of the Economic Area, Tareck El Aissami, stressed on Tuesday that the economic policies, decreed by the President of the Republic, Nicolás Maduro, have provided support and protection to the non-essential sectors of the economy, within the framework of the Decree of Alarm, approved by the Executive for the containment of the Covid-19 pandemic. From the Miraflores Palace, in the work day called “Productive Tuesday”, directed by President Nicolás Maduro, El Aissami reiterated the protection measures issued in March 2020 by the National Executive to protect the country’s economy. El Aissami highlighted part of the protection measures, decreed by the Head of State to protect the strategic and non-essential sectors of the economy, among which he mentioned the moratorium on the payment of credits, both capital and interest, for up to six months; the payment of companies’ payroll, exemption of special tariffs for raw materials to some companies, product placement in distribution chains, complying with sanitary protocols. “We have provided support to the non-essential sectors of the economy, to help and ease the burden on these sectors at this juncture, with the aim of promoting private sector employment, guaranteeing the financial and economic stability of these companies. The Vice-president of Economy said that these measures have had a direct impact, “that is why we maintain the essential strategic sectors at maximum production to guarantee the goods and services that our people demand”. In this regard, he stressed that, with these protection policies, Venezuela reiterates its contribution for the construction of a policy to collectively face this pandemic that affects the world. “We have said, and you have reiterated it, President Maduro, because there is no contradiction between quarantine and production”, said El Aissami during his speech on Tuesday. The Head of Sstate reiterated support for all economic sectors, “declaring the moratorium on debt payments, supporting with soft financing and assuming the payroll to those companies in the essential and non-essential sectors of our economy”.