Central Bank president cherishes inflation at 14%-16% in 2013
During his presentation at the National Assembly Finance Committee, Nelson Merentes, the president of the Central Bank of Venezuela (BCV), said that a 6% growth by 2013 is attainable
Giordani reiterated that the budged was premised on prudence. "We must get ready for any event of the world economy," he advised.
For his part, Nelson Merentes, the president of the Central Bank of Venezuela (BCV), said that the goals of inflation in 2013 at 14%-16%, and 6% growth "are possible."
He added that annualized inflation this current year at 17.9% is far below the budgeted inflation at 20%-22%.
"There is an upward trend," he commented with regard to the economic outcome in the third quarter of 2012.
With reporting by Mayela Armas
A shipment of over 30,000 tons of phosphate arrived at Puerto Cabello port in late July on board the Shi Long Ling, a Chinese-flagged vessel that began its long journey in northern Africa. The cargo boat docked on July 26 after traveling more than 3,200 nautical miles. Undoubtedly, this would just be considered one in many cargo ships crisscrossing the oceans if it were not for the fact that Venezuela has denounced Western Sahara occupation by Morocco and yet purchases the territory's natural resource products from the occupying power.