President of BCV highlights of the Venezuelan economy Caracas, 15 Nov. AVN-President of the Central Bank of Venezuela (BCV), Nelson Merentes, confirmed that the country's economy continues its recovery, which begins to reflect the different indicators.
Although not anticipated some figure, referred to the report on the performance of the economy for the third quarter of the year, which shall publish the BCV this Tuesday, reflect a decline much lower.
"The developed indicators say that for the fourth quarter we will be better." "For 2011 and 2012 there will be no problem with the growth," said Monday Merentes a meeting with the Finance Committee of the National Assembly.
Ratified it in 2011 the Venezuelan economy resumed the growth path after negative records from the first quarter of this year, when it fell 5.2%, and the second 1.9%.
He added that this year the record inflation must end at 26%, but reiterated that continues working to decrease the incidence of speculation in the variation in prices of goods and services, greater weight is located in the food sector.
During this day's work, Merentes presented the budget for operating expenses of the issuing entity to 2011, which amounted to 4.6 million bolivars, 27.5% increase compared to 2010.
Stressed that BCV will continue promoting projects to assist in the construction of a new international financial architecture with the Sucre and the South Bank.
Also highlighted the progress of the project for the creation of satellite accounts, which will serve as a complement to national accounts for the production of statistical information in the areas of petroleum, energy, education, health, gold, social economy, environment, households, and tourism.
"This will allow us have more information for decision-making at the local level as private and public", explained.
Also reported to have been placed 1,350 millions of 1.5 billion approved for credit assistance to the agricultural Bank of Venezuela BS.
19: 15 11/15/2010

President of BCV highlights of the Venezuelan economy