Venezuelan Party Proposes Inflation and Devaluation Control Measures

Simón Calzadilla, secretary general of the Movimiento Por Venezuela (MPV), has formally communicated a set of proposals to Dinorah Figuera, president of the National Assembly elected in 2015. The MPV seeks to address Venezuela's persistent economic challenges, including rampant inflation, the devaluation of the bolívar, and a lack of private investment.

The proposed measures advocate for the establishment of a transparent, virtual management body to oversee the allocation of resources for key public policies. Specific areas highlighted for attention include the nation's deficient electrical grid, reconstruction efforts following the June 24th earthquakes, other public services, infrastructure investment, and the transparent payment of public sector salaries and bonuses.

Calzadilla attributed the current economic turmoil directly to the Central Bank of Venezuela's (BCV) inorganic financing of the fiscal deficit and its erratic monetary policies. He asserted that these actions are eroding citizens' purchasing power. The MPV had previously outlined these proposals in a January document titled "A Better Venezuela Is Possible," which also called for the BCV's autonomy and legal action against its current leadership. Calzadilla lamented that economic destabilization has worsened in the six months since that document's release.

In conclusion, Calzadilla stressed that the Venezuelan people's hope rests on the tangible success of a proposed three-phase plan. He believes that a substantial improvement in the living standards of the impoverished majority is essential to foster positive expectations and a conducive national political climate for reconciliation, democratization, and the restoration of popular sovereignty through elections.