economy
May 5, 2026
Venezuelan Companies Will Maintain Investments in Latin America Despite Changes in Their Country
Venezuelan investment in about a dozen Latin American countries, which would exceed 10 billion dollars, will remain in them, despite the expectation of changes in Venezuela, the president of the Chamber of Venezuelan Entrepreneurs and Executives Abroad (Cavex), Orlando Soto, told EFE this Tuesday. The massive return of these investments to Venezuela is ruled out, although there will probably be some percentage that does return, but the companies that are established, not only in Panama but in the region, have come to stay. They are not 'swallow capital,' Soto affirmed, within the framework of the II Annual Summit of Cavex held in the Panamanian capital.
TL;DR
- Venezuelan investments in about ten Latin American countries exceed $10 billion and are expected to remain there.
- Companies that have established themselves in Latin America are committed to staying and are not considered 'swallow capital'.
- Cavex, representing Venezuelan entrepreneurs abroad, views Venezuela as another market and aims to be a bridge for potential recovery.
- Specific investments mentioned include at least $1.9 billion in Panama, generating over 40,000 jobs and significant tax contributions.
- Aruba has seen $1.1 billion in Venezuelan capital, and the Dominican Republic has $550 million.
- The total investment figure is expected to be much higher than $10 billion once studies in thirteen countries are complete, not including Florida.
- Cavex is preparing to work with the Venezuelan Chamber of Commerce in South Florida to incorporate that capital into the overall figures.