CARACAS (Reuters) – Venezuela’s financial system will develop by greater than 9% in 2024, President Nicolas Maduro mentioned, based on the transcript of an interview revealed on Wednesday by Mexican media outlet La Jornada.
“In 2023, we had progress of 5.5%. In 2024, based on all scientific, statistical and technical information, we’ll exceed 9% progress in gross home product, with a really excessive degree of progress in actual financial system, in addition to within the hydrocarbon sector,” Maduro instructed Spanish journalist Ignacio Ramonet.
Venezuela’s financial system has suffered a protracted disaster lately marked by triple-digit inflation and the exodus of tens of millions of Venezuelans in the hunt for higher alternatives elsewhere.
In 2019, the federal government eased controls on the personal sector, permitting casual dollarization, which offered a lifeline to key sectors of the financial system.
Nevertheless, analysts imagine that this technique was not sufficient to make sure an entire financial restoration.
Maduro’s interview shall be broadcast Wednesday night on Venezuelan state tv.
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