President-in-Charge instructs the creation of two sovereign wealth funds

Published at: 15/01/2026 05:05 PM

The president in charge of the Bolivarian Republic of Venezuela, Delcy Rodríguez, announced that any currency that enters the country as a result of energy cooperation will go to two funds.

During the Annual Message to the Nation, Rodríguez instructed the Vice Presidency of Economy and the Ministry of Economy and Finance to create two sovereign wealth funds. “The first dedicated to social protection to improve the income of workers, so that foreign exchange goes directly to hospitals, schools, food and housing,” he explained.

He also indicated that the second fund will be dedicated to infrastructure and services for economic and social development. “Those currencies will go to water, electricity and roads,” he said.

In addition, he called for the creation of a technological platform so that the use of these resources is transparent and is “devoid of bureaucracy, corruption and indolence”.

The president in charge emphasized that we should not be afraid of the United States energy agenda. “Venezuela has more than a century of experience, in 108 years it has exploited approximately 78 billion barrels of oil and of those 78 billion barrels of oil, Exxon Mobil produced only 20 billion barrels of oil,” he said.

Mazo News Team