What will it take to put Venezuela on a path to lasting recovery? Reviving investment, restoring basic services, and bringing inflation under control will require rebuilding institutions, resolving complex debt problems, and implementing credible economic policies. But how should these reforms be sequenced, and why is restoring democratic legitimacy essential for a sustained recovery?
Experts of the Latin American Committee on Macroeconomic and Financial Issues (CLAAF) will discuss their proposed roadmap for Venezuela’s recovery, addressing key questions:
- Ten months after the US intervention in Venezuela, why has the current strategy failed to lay the groundwork for sustained economic recovery, and what needs to change to attract investment?
- How should Venezuela address its complex debt obligations, and why does the timing of debt restructuring matter?
- What fiscal reforms are needed to stabilize the economy while increasing spending on essential services and rebuilding infrastructure?
- How can Venezuela bring inflation under control and revive bank lending? What factors should guide the choice of a monetary framework, including the possibility of full dollarization?
- What role should the United States and multilateral institutions play in supporting a credible transition to democratic elections and economic stabilization?
Join CGD and CLAAF for a focused discussion on the political and economic priorities, their appropriate sequencing, and the policies needed to restore stability, rebuild confidence, and improve living standards for the Venezuelan people.
Presenter & Moderator
Liliana Rojas-Suarez, President, CLAAF; Senior Fellow and Director of the Latin American Initiative, CGD; Former Chief Economist for Latin America, Deutsche Bank
Panelists
Augusto De La Torre, Former Chief Economist for Latin America and the Caribbean, World Bank; Former Governor, Central Bank of Ecuador
Pablo Guidotti, Partner, Tenac Asset Management, LLC; Former Professor of the Government School, University of Torcuato di Tella; Former Vice Minister of Economy, Argentina
Pablo Ottonello, Professor of Economics, Brown University
Ernesto Talvi, Senior Fellow, Real Instituto Elcano, Madrid; Former Executive Director, CERES; Former Minister of Foreign Relations, Uruguay
Andrés Velasco, Professor of Public Policy, London School of Economics, UK; Former Finance Minister, Chile
