Virgin Group owner Richard Branson said elections and a functioning rule of law could improve Venezuela’s appeal to investors, while Reuters separately reported that uncertainty is keeping many investors cautious.
At a Wednesday event in Venezuela, Branson linked the country’s investment appeal to holding elections and establishing the rule of law. “A lot obviously depends on the next 18 months,” Branson said. He said investors need secure capital, transparency and a dependable judicial process.
Reuters reported Venezuela is seeking capital for industries including oil and gas. Reuters said investment-focused legal reforms have not eased investor concerns, which it linked to mistrust of the legal system and political uncertainty, especially in non-energy sectors.
The election remains undated. Reuters said Rodriguez and Trump have voiced support for a vote, while Rodriguez’s September remarks at the United Nations also left the schedule open, as EconoTimes reported earlier.
