EcoAnalítica, an economic analysis and research firm based in Caracas, says it is optimistic about Venezuela’s economic outlook. Looking ahead, they expect an extension of Chevron’s license so it and other energy firms can sell foreign currency from production into the financial system, boosting the flow of dollars into the economy. They also expect recognition of Venezuela’s transitional government by major multilateral institutions, relaxation of sanctions on the Central Bank (including access to IMF SDRs), and higher oil investment and production. Together these could more than triple foreign-currency revenues above $30 billion annually, leading to re-monetization, banking growth, revived credit, and a markedly different macroeconomic dynamics, they state.
View quoted note →
bird.makeup - Tweet
🇻🇪🇺🇸 En lo económico, en @ecoanalitica estamos muy optimistas. Ojalá pronto recibamos buenas noticias en ...

