The Venezuelan Confederation of Industries (Conindustria) recently indicated that the country’s growth this year could exceed 12 % despite certain obstacles that are slowing the economy’s momentum.

The organization referred to the “excessive” taxes, the exchange rate gap, and the lack of available foreign currency and financing as obstacles to growth. However, he highlighted that “Venezuela’s private manufacturing output increased by 5.4 % last year compared to 2024, and the industrial sector projects 12.7 % growth by 2026.”

Furthermore, production in the country increased by 6.8 % in the first quarter; 0.1 % in the second; 5.2 % in the third; and 9.5 % in the fourth quarter of last year.

Tito López, president of Conindustria, indicated that the figures obtained so far demonstrate that Venezuelan industry remains strong, “investing, producing, and generating employment.”

Regarding the investment needed to revitalize the country’s industry, López stated that $3.4 billion is required.

M.Pino

Source: notitarde

(Reference image source: Fatemeh Rezvani on Unsplash)

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La entrada Conindustria estimates growth exceeding 12 % in Venezuela apareció primero en Bitfinance.

The president of Colombia, Gustavo Petro, launched a proposal for debate on a National Constituent Assembly in view of the obstacles he has encountered in Congress regarding the approval of his reforms.

This Saturday, March 16, the international media reviewed the proposal made by Petro on Friday the 15th in Cali, regarding the possibility of convening a National Constituent Assembly.

The idea, which the president published on his social network account, “has been criticized by politicians of all currents, including some who supported him in the 2022 presidential elections.”

Numerous national sectors have described the proposal as a “balloon of distraction” in the face of the decline in popularity and legislative support for Petro, who, according to former left-wing senator Jorge Robledo, is looking for a distraction, since “he does not have enough votes to approve it in Congress or to approve it among the citizens.”

As a sign of weakness and desperation, Robledo has described the president’s proposal, which has definitely not been well received by the different sectors of Colombian society.

Regarding the proposal, Senator Humberto de la Calle, member of the Centro Esperanza Coalition, described Petro’s argument as “weak” and added: “The reason that the president alleges for convening a constituent assembly is the impossibility of complying with the Constitution, according to his own saying (…) If it were true, it is not the Constitution that must be changed but the way of governing,” the congressman added in a statement.

De la Calle clarified that a Constituent Assembly requires the prior passage of a bill that must pass through Congress, where Petro does not have a majority. In addition, two calls to the population are required: first for them to say whether they want a constitutional reform and, if so, for them to approve any possible changes.

M.Pino

Source: swissinfo

(Reference image source: Unsplash+, in collaboration with Getty Images)

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La entrada President of Colombia proposes debate of a constituent assembly apareció primero en Bitfinance.