President Maduro announces expansion of public and private bank credit

Published at: 23/09/2024 07:21 PM

President Nicolás Maduro, during his Con Maduro+ program, highlighted the policies implemented by the National Government that have allowed for fairly robust economic growth that could reach 10% of GDP.

“The non-oil economy, before Commander Chávez, was forgotten, stuck,” he pointed out and reiterated the importance of the financial, pharmaceutical and food sectors in the country.

“We are looking at a new economic model that we are achieving after passing several deserts,” he said.

He stressed that we are only seeing the first good news of an expansion of credit capacity for the country and noted that “it is impossible to think about the development of a company and its growth if the financial resource is not taken into account. “We are currently in a situation of improvement and democratizing credit, which is being lost sight of,” he said

He recalled that during the pandemic, the country had to resort to triangulation in order to bring medicines to the country because it was impossible to do so in a traditional way because of sanctions.

“It's great news that the pharmaceutical industry is now supplying 70% of medicines to the domestic market and that the remaining 30% are exported products,” he stressed while stating that this sector has been one of the prioritized growth engines.

Mazo News Team