Venezuela proposes to ECLAC to create a fund for blocked countries

Caracas, Aug 4 (Prensa Latina) Venezuela’s Vice President of Planning Ricardo Menendez proposed on Tuesday to the Economic Commission for Latin America and the Caribbean (ECLAC) to manage the creation by the United Nations of a fund to economically aid blocked countries.

‘Strengthening the policies of the local economy and new urban productive dynamics must also be primary lines in our region to face discrimination,’ Menendez noted during his speech at the 35th session of the ECLAC Permanent Council, held online.

He underscored that the new normality is an opportunity to boost novel forms of the world economy, and highlighted that the Venezuelan model prioritizes life and health despite the US blockade.

Menendez recalled that Venezuela has over five million dollars blocked in accounts abroad, which he described as an act of terrorism against the people.

Meanwhile, the Executive Secretary of that regional entity Alicia Barcena specified that bolstering equality is essential to control the Covid-19 pandemic and ensure a sustainable and green economic recovery.

During the Commission’s Plenary Committee, Barcena stressed the importance of international cooperation and the role of International Financial Institutions for the post-Covid-19 recovery.

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