economy
May 7, 2026
Maracaibo Chamber of Commerce asks to reactivate bank credit for greater growth
The Chamber of Commerce of Maracaibo, capital of the Venezuelan state of Zulia (northwest, bordering Colombia), asked this Thursday to reactivate bank credit for greater and sustained growth of its affiliates. "It is important that not everything is operational leverage, which is what companies produce with their cash flow (because) it will be limited, but that, of course, bank financing exists," said the president of the Chamber of Commerce of Maracaibo, Dino Cafoncelli, at a press conference.
TL;DR
- The Maracaibo Chamber of Commerce requests the reactivation of bank credit for sustained business growth.
- 65% of affiliated merchants see access to bank credit as a major challenge.
- 95% of merchants are concerned about inflation, which reached 71.8% in Q1 2026.
- 62% of businesses surveyed believe tax burdens should be reduced.
- 49% of merchants reported increased sales in Q1 2026, with 70% expecting sales to rise next quarter.
- 96% of affiliates reported a deterioration in the electric service in Zulia during the last three months of 2026.