On July 23, Caracas (EFE) – Venezuelan President Nicolás Maduro announced the establishment of a "National Fund for Golden Dreams," amounting to five million dollars, aimed at financing ventures by seniors across the country. This announcement comes just five days ahead of the presidential elections.
Maduro emphasized that this initiative is focused on democratizing credit, ensuring that it reaches those who work and truly need it. "This is the complete opposite of the International Monetary Fund (IMF) and the ruthless capitalism we’ve seen," he stated during a campaign event in Caracas. He described the effort as "beautiful socialism," highlighting that providing accessible financial support is essential for fostering development.
He further asserted that investing in these projects represents the best opportunity for making the country’s social economy a driving force.
In Venezuela, pensioners currently receive a monthly pension of 130 bolívares, which is roughly 3.5 dollars at the current official exchange rate. Additionally, they receive a government bonus of 45 dollars. Public sector retirees have access to a bonus of 90 dollars monthly, although this does not contribute toward their labor benefits. These payments are facilitated through the Patria System.
Given the difficult economic conditions, Edmundo González Urrutia, the candidate from the largest anti-Chávez coalition, has promised to restore dignified salaries for retirees, pensioners, and employees of public enterprises.
As the elections approach on July 28, Maduro and González Urrutia will be competing against eight other candidates, although none are considered serious contenders for victory.
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