President Maduro creates Community Portfolio Fund: The goal is to reach $600 million in direct investment

Published at: 04/12/2024 07:02 PM

This Wednesday, December 4, the President of the Republic, Nicolás Maduro, announced the creation of the Community Portfolio Fund, whose goal “is to reach up to 600 million dollars of new direct investment”, aimed at financing community projects.

“I say 600 million, it's the goal, we have to force collection, the creation of internal wealth and we're going to achieve it,” he said.

He specified that in the National Budget 2025, recently approved in the first discussion by the National Assembly (AN), “we have directly included resources to go through the Community Portfolio Fund.”

The announcement was made at the Casona Cultural, where he held a working meeting with the National Electoral Commission for the election of Judges and Justices of the Peace, on December 15.

He explained that they are also set aside in the 2025 Budget, “free of dust and straw through the Federal Governing Council, an additional 200 million dollars, in their equivalent in bolivars, for community projects in water, electricity, roads, education, health, productive projects.”

Mazo News Team