Calixto Ortega: Venezuela will maintain sustained economic growth

Published at: 18/04/2026 09:37 PM

The sector vice-president of Economy and Finance, Calixto Ortega Sánchez, presented an optimistic assessment of the performance of the national productive apparatus during the first quarter of the year, in an interview with the program A Pulso, broadcast by Venezolana de Televisión.

In this regard, he assured that the country's economic dynamics have been increasing since the second quarter of 2021, so Venezuela is growing, based on solid coordination between the public and private sectors.

He specified that according to reports from the Central Bank of Venezuela (BCV), “this will be the 20th consecutive quarter of accelerated growth,” and added that the economy is fully functioning thanks to constant dialogue with the private sector.

Ortega also reported that all sectors of the economy are growing, including the oil sector, the mining sector and the manufacturing sector, as a result of the work of the private and public sectors and of workers, despite restrictions.

Despite the challenges faced at the beginning of the year, he stressed that the joint effort of Venezuelans has allowed us to maintain a positive trend.

“Among the main economic indicators is that the economy is working. It's no small thing that happened at the beginning of January. A dark stain on our history. However, the economy grew in the first quarter, and that is something that can only happen because of the efforts of all Venezuelans and the dialogue that exists between the public sector and the private sector,” he said.

On the other hand, regarding Venezuela's relationship with the International Monetary Fund (IMF), he explained that this does not imply any plan to make the country indebted, as announced by the president in charge of the Republic, Delcy Rodríguez, and that what the Government is doing is normalizing Venezuelan representation before a multilateral organization.

He also reported that a few hours after the news broke, the World Bank also announced the country's representation before that institution, as will happen with other institutions, as a result of the government's diplomatic agenda. “The normalization of representation before these bodies is a policy that has been promoted since the pandemic,” he said.

He also mentioned the IMF's projections for the growth of the Venezuelan economy, which it always tends to overestimate, and that if the IMF says that the economy will grow by 6%, Ortega assures that growth could be in double digits.

He highlighted the effectiveness of the executive agenda led by the president in charge Delcy Rodríguez and stressed that the commitments made in terms of legal reforms have been fulfilled in record time to energize strategic sectors.

Among the above-mentioned achievements, the following stand out:

Reform to the Hydrocarbons Law: Already materialized to attract new investment.

Reform to the Mining Act s: Implemented to strengthen the mining productive base.

Openness to capital: An active policy to facilitate the arrival of foreign investors.

For the Executive, the current objective transcends the increase in indices; it seeks to consolidate a productive model that directly impacts the well-being of the population.

In this regard, Ortega said that “every day we are interacting with investors. We are laying the groundwork for quality economic growth.”

The vice-president concluded by assuring that interaction with international economic actors is a constant that seeks to ensure the sustainability of long-term economic improvements.

Mazo News Team