From The Straits Times · · 40s
Venezuela to attract investors after elections
Branson says Venezuela will draw foreign investment post-elections.
In brief
Branson says Venezuela will draw foreign investment post-elections. Branson states Venezuela will attract more foreign investors once elections occur, requiring legal certainty and rule of law. Originally reported by The Straits Times.
Branson on Venezuela's investment potential
British billionaire Richard Branson says Venezuela will attract more foreign investors after elections to boost oil and gas capital inflows.
“A lot obviously depends on the next 18 months”
Investment requires legal certainty
Branson states investors need judicial processes, legal security, transparency, and capital security for Venezuela to attract investment.
“Investment needs certainty. It needs a proper judicial process and legal security. It needs transparency”
Elections timeline uncertainty
Venezuela's interim president Delcy Rodriguez and Donald Trump both said elections will happen but provided no timeline for the country's next steps.
“The country will attract more investment once it holds elections, but for now investors are waiting for more legal certainty”
The bottom line
Branson states Venezuela will attract more foreign investors once elections occur, requiring legal certainty and rule of law.
