Maduro Advocates Diversification of the Venezuelan Economy

During a work meeting with representatives of the United Nations Industrial Development Organization (UNIDO), in Caracas, the president thanked the support of this international body in favor of a diversified economy in the South American nation.

‘Venezuela will become an economic power that will produce wealth (…) with the implementation of new models,’ said the head of state, highlighting the country’s potential to meet the needs of the people with national agro-industry.

Unido representative Diego Masera presented the Venezuelan president with a seven-point report on the diagnosis and development plans in seven strategic areas, as part of the second phase of Country Program 2018-2022, signed by both parties.

Maduro now explained that a stage of production of maize, rice, caraota (beans), coffee, cocoa, soy and sugar cane has begun, with the advice and planning of the international body for the economic and industrial development of Venezuela.

He also ratified to representatives of allied countries such as Russia, India, Turkey, China, among others, the willingness of the Bolivarian Government to receive the experience of other nations to advance in the recovery of the economy and the deployment of industrial capacity.

Maduro also expressed the Executive’s willingness to work together with the private sector to move towards a process of integration, in pursuit of national economic development.