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Mnuchin Suggests $10 Billion in US Investments for Venezuela After Maduro Falls

Incentives

Treasury Secretary Steven Mnuchin is trying to offer the Venezuelan people a little more incentive to rise up against the Maduro government:

A group of finance ministers is working on a $10 billion package of trade finance that could be made available to help Venezuela out of its economic and humanitarian crisis once a new government is put in place, U.S. Treasury Secretary Steven Mnuchin said on Saturday.

A group of 20 mostly Western finance ministers that met earlier this week in Washington is “going to be working on trying to put together a consortium of about $10 billion of trade finance that would be available for the new government to spark trade,” Mnuchin said in a press conference.

Venezuela is mired in a deep economic crisis marked by widespread food and medicine shortages and hyperinflation, while millions have fled to neighboring countries. Economic output has declined every year since 2014 and is expected to contract 25% in 2019.

 
Doomberg

Written by Doomberg

I am Doomberg, one of the original founding members of Sparta Report, and have been here since the beginning. I am an insatiable news junkie and enjoy reading and writing about the US territories, the Caribbean, video games, smartphones, and of course conservative politics in general.

I also really like pictures of gas stations and claim full responsibility for the silly gas station motif. I'm presently trapped behind enemy lines in a blue state with no hope of escape! The ride never ends.

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