Border Economy | Chronicles of Caracas



Frontier economy

The binational “Border Agreement” forum brought together businessmen and guilds from both countries as well as Colombian border authorities to discuss the conditions required to reactivate commercial relations and…


  • The binational forum “Border Agreement” brought together businessmen and guilds from both countries as well as Colombian border authorities to discuss the conditions required to reactivate trade relations and open the border. The meeting ended without a specific date. All the authorities have talked about things that could happen, possibilities and possible conditions. Colombian Transport Minister Guillermo Reyes announced that he would visit the Tienditas International Bridge to check its condition. This bridge was blocked with containers by chavismo in 2019.
  • Reyes also said commercial flights could start operating in October. Colombian Commerce Minister Darío Germán Umaña said it was fundamental to ensure institutional consistency with the regime, including security and diplomatic conditions. He said it would take “a few months”. Colombian Ambassador Armando Benedetti has proposed improving the system at the border to capture the fingerprints of people crossing it. He also said that Monómeros must be returned to the regime.

Hermes Pérez explained that Venezuela’s foreign debt is 60 billion dollars and could reach 90 billion by the end of the year, almost twice our GDP. According to the World Bank, the figure is 187 billion and it continues to increase every month.

  • Rafael Macquhae said that due to the increase in prices and the lack of adjustment of basic salaries, Venezuelan families are spending everything on food. “The poorly functioning economy continues to put pressure on inflation in the country,” he said.
  • Maduro said the economy would grow between 10 and 20 percent in 2022, and he had the audacity to say he was not authorized to reveal the exact numbers. The BCV has not released figures for economic activity since the first quarter of 2019, when it said GDP fell by 28.8%.
  • Public services have a structural problem, which has been aggravated by lack of investment, maintenance and disregard for knowledge: Chavismo has appointed loyal but unqualified executives to run these companies. Despite being responsible for the problems, Maduro claims to want to “recover” water, electricity, cooking gas and telecommunications services, and to have better structures in place for demand than the “economic openness” will generate. Regime officials set up round tables to work with the commercial, industrial and business sectors to develop strategies that would improve public services. Maduro’s electricity minister, Néstor Reverol, said charges for the services are 75% subsidized. It’s not really a grant, it’s accumulated decay.
  • Delcy Rodríguez said the fire at the IVSS was intentional and not an accident. She said it came from five places. “Today, with evidence, we can say that this fire was started by someone (…) The investigation continues, we will find the criminals”, she said. She said the criminal act was carried out by “extremists”.
  • Maduro’s National Assembly has authorized the appointment of Félix Plasencia as ambassador to Colombia. Jorge Rodríguez celebrated this “historic moment”. It was Maduro who broke diplomatic relations with Colombia three years ago.
  • Retired and active workers in the public sector called for a new demonstration on August 23, in Caracas, to demand the abolition of the new ONAPRE rules.
  • Representatives of the Supreme Court of Justice (TSJ) met with representatives of the Office of the United Nations High Commissioner for Human Rights to discuss the human rights situation and public policy in the matter, according to a press release. The TSJ declared that it had honored all the commitments assumed by its office, recognized the work carried out by the OHCHR and reiterated its willingness to work to “reorganize and restructure” the justice system. There is no way to monitor or hold the TSJ accountable for this and we still have political prisoners.
  • Honduran National Police arrested 15 Venezuelans who were being transported in an SUV by a coyote.
  • Border authorities have identified the body of a 27-year-old Venezuelan man who drowned while trying to cross the Rio Bravo to go to the United States He drowned in the area of ​​Piedras Negras.
  • The war in Ukraine has been going on for 176 days, six months of Russian invasion. Russia launched missiles against a shelter hours before the visit of UN Secretary General António Guterres. President Volodymyr Zelenskyy has asked António Guterres to guarantee that the UN will demilitarize the Zaporizhia nuclear power plant, which is under Russian control. Zelenskyy assured that the “deliberate terror” that Russian troops cause in the installations “can have catastrophic global consequences”. António Guterres reiterated that any damage inflicted on the nuclear plant would be “suicide”.

Naky Soto

Naky is called Naibet at home and at the bank. She coordinates training programs for an NGO. She collects moments and turns them into words. She has more stories than freckles.

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