Published at: 05/03/2025 07:25 PM
The president of the Bolivarian Republic of Venezuela, Nicolás Maduro, assured that communal banking will be the country's financial revolution.
In this regard, he instructed “to provide resources” to promote communal banks and the concrete and self-sustainable productive projects of the Communes
and the Community Circuits.
In a meeting with the People's Power of Venezuela from the parish of January 23, in the Commune of El Panal 2021, he stressed that “nothing and no one is going to stop us (...) we are working hard and creating a fund with guts and hearts. I trust in the People and in the capacity and their creative powers.”
The Head of State stressed that the second Popular Consultation will take place on April 27, adding that youth and cultivators also have a consultation pending to choose their projects.For his part, the Minister of Communes, Social Movements and Urban Agriculture, Ángel Prado added that communal banks have been supporting small producers since the sabotage of the country's economy began -
He noted that “we prioritize reinvestment in supporting small producers. The communal bank opens its doors to you, if the producer needs to fertilize a crop or renew a livestock.”
Mazo News Team