Venezuela Draft Legislation Sets Ground for More Privatizations
- Bill introduces potential ways to revert expropriations
- Restrictions on internal fuel trading could be lifted
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The draft version of legislation introduced by Venezuela’s Nicolas Maduro on Tuesday opens the door for bigger private investment in the nation’s economy, potentially undoing decades of state intervention.
The text of the “anti-blockade” law describes the executive as having the power to modify the property, management or administration of public companies and joint ventures, according to a draft seen by Bloomberg.