Venezuela to tackle inflation and encourage investment
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The new Venezuelan finance minister has announced plans to keep inflation down while offering encouragement to the private sector, it is reported.
Ali Rodriguez said in a television debate on Sunday that investment of Venezuela's "over-flowing" oil revenues will form part of the strategy, venezuelanalysis.com reports.
The website says he also indicated there will be an increase in agricultural productivity as well as a drive to make the public sector "more efficient".
Mr Rodriguez, who is a former secretary general of Organisation of the Petroleum Exporting Countries (Opec), asserted that oil revenues will continue to grow in Venezuela, it reports.
The website quotes Mr Rodriguez: "There is an open invitation to the private sector... and I reiterate the invitation that the president of the republic made to the private business sector."
The president's invitation to the private sector was commented on last week by Mark Andrew, director of Isla Margarita property specialists Emerging Earth, who said that investors should take great confidence from the government's decree number 356, as it means that "whatever you buy in Isla Margarita is secured freehold real estate".
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