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Law reform will facilitate social investment in Venezuela

Caracas, Jan 16 (Prensa Latina) Venezuela's interim president, Delcy Rodriguez, reiterated that the partial reform of the Organic Hydrocarbons Law will ease investment, strengthen legal security, and achieve faster results.

Through her Telegram account, the president remembered that she presented the project to the National Assembly (parliament), in her 2026 State of the Nation Address, incorporating “the successful business management models of the Anti-Blockade Law.” Rodriguez reported that all foreign currency entering the country “through energy cooperation” will be allocated to two sovereign funds: one for social protection and worker welfare, and another for infrastructure and services that promote economic and social development.

She emphasized that these funds must be managed without bureaucracy and indifference and presented to the country through a public technological platform.

She explained in her speech the previous day that the first fund would contribute to improving workers’ income and that the foreign currency would “go directly to hospitals, schools, food programs, and housing.”

The official also instructed the creation of the Sovereign Infrastructure and Services Fund for Economic and Social Development, whose foreign currency would be allocated to water, electricity, and road infrastructure.

She further requested the creation of a technological platform to ensure transparency in the use of these resources and to “eliminate bureaucracy and corruption.”

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