economy
May 6, 2026
US bets on private investment to reactivate Venezuela: 'The private sector is ready to transform the country'
The US chargé d'affaires in Caracas, John M. Barrett, assured that Venezuela's economic recovery depends on the creation of a solid legal environment that incentivizes private investment, within the framework of the three-phase plan promoted by Washington. In a recent statement, the diplomat stressed that 'Venezuela's economic recovery requires a legal and regulatory environment that attracts high-quality companies,' aligned with the strategy promoted by President Donald Trump and Secretary of State Marco Rubio.
TL;DR
- Venezuela's economic recovery requires a legal and regulatory environment that attracts high-quality companies.
- This is part of a three-phase plan by the US: stabilization, recovery, and transition.
- US Chargé d'affaires John M. Barrett met with representatives from GE Vernova, Cashea, Petroleera de Venezuela, Venezuela Gas, and the Hydrocarbons Association.
- Barrett stated that the private sector is ready to transform Venezuela.
- Strengthening legal security and opening spaces for foreign capital are crucial for growth.