Venezuela dialogue table incorporates private banks for earthquake aid

A Venezuelan dialogue table has agreed to include private banks in the administration of aid funds for victims of the recent earthquakes. This move aims to enhance transparency and guarantee the effective delivery of assistance to those affected by the tremors that struck Caracas, Miranda, La Guaira, and other regions.

Lawmaker Jorge Millán, a participant in the parliamentary forum, explained that the discussions are focused on mechanisms for national stabilization, economic recovery, and a peaceful transition. However, he stressed the immediate need to respond to the needs of individuals impacted by the earthquakes. "The central focus must be concern for attending to the victims and ensuring that the money of all Venezuelans reaches the people to solve their urgent problems," Millán stated.

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The central focus must be concern for attending to the victims and ensuring that the money of all Venezuelans reaches the people to solve their urgent problems.

The inclusion of the private banking sector is seen as a significant step in managing and distributing emergency resources. Millán highlighted that this collaboration is expected to generate transparency, establish audit mechanisms for the funds, and ensure prompt and effective aid delivery. "The private sector, specifically private banking, has been incorporated into the mechanism to generate transparency, establish audit mechanisms over the resources, and guarantee effective and rapid attention to people," he added.

Beyond earthquake relief, the dialogue table has also reached agreements on judicial reform and electoral conditions. These include legislative and structural changes, modifications to the Organic Law of the Supreme Court of Justice, and reforms to the penal, penitentiary, and public security systems. The process for selecting new Supreme Court magistrates will be restarted, with a reconstituted Judicial Nominations Committee that will include civil society representatives. A verification council will also be created to review candidates' credentials and constitutional compliance.

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The private sector, specifically private banking, has been incorporated into the mechanism to generate transparency, establish audit mechanisms over the resources, and guarantee effective and rapid attention to people.