Venezuela guarantees conditions for development of foreign investments - MPPRE

Venezuela guarantees conditions for development of foreign investments

“All the conditions needed are here, for the country to have a new takeoff, on new foundations, for the development and for investment to fulfill what we’ve talked about: the win-win. We guarantee that here,” stressed President Nicolás Maduro in an interview with U.S. news agency Bloomberg.

The Venezuelan president added that Venezuela relies on a well-defined economic model within the framework of the Simón Bolívar National Project and the 2019-2025 Homeland Plan, and stressed that this model includes the development of the country’s productive forces.

“It’s a model for the integral development of the productive forces of the country, which also involves the operation of all the private investment,” he said.

Maduro also added that the Anti-Blockade Law, passed in 2020, “favors the presence of international investors from all the countries of the world, in all the sectors of the Venezuelan economy, and gives guarantees to investors, to go deeply into the investment and the economic growth of Venezuela.”

President Maduro explained the Bolivarian Government has resorted to strategies to protect those businesspeople who decided to invest in Venezuela because, due to the economic war against the country, these investors may be sanctioned by the financial controlling body of the U.S. Department of Treasury.

“If I were to tell you who they are, where they are, what they’re like, tomorrow, the OFAC would pursue them, would call them, would threaten them, or would sanction them,” he said.

The Venezuelan president reiterated his call for foreign investors to know the guarantees offered by the Anti-Blockade Law, whose aim is the development of the country’s productive forces.

“If an investor wants to know what Venezuela has established to guarantee the path of international investment, they should read, study it and assume the anti-blockade law to open the pathways of investment, for the development of the productive forces of the country, for the generation of wealth within the framework of the social state of justice of law, that our constitution establishes,” he underlined.

President Maduro stressed that the Bolivarian Revolution has given foreign investors guarantees, including those that Commander Hugo Chávez, and today this protection mechanism has been reinforced with this new legal instrument, which is the product of the constant attacks promoted by the U.S. Government against the Venezuelan economy.

“We’ve given a step as a product of the economic war, as a product of the situation that we’ve faced, these cruel, brutal sanctions. We’ve given a step of creating the anti-blockade law, which has truly been a necessary step: very solid, very coherent, and very bold,” he explained.

In the interview with journalist Erik Schatzker, President Maduro reiterated his invitation to foreign investors to know the productive potential of Venezuela in different fields.

“Come get to know us so that you can see the impact that you’re going to have when you cross the airport, when you get to know our entrepreneurs, when you get to know our human qualities, when you get to know the potential that we have in tourism, in oil, in petrochemistry, in refining, in heavy industry, in iron, in bauxite, in gold, minerals. In technology. Well, and a world of opportunities,” he said.