On Tuesday, Venezuela’s National Assembly gave initial approval to a reform proposal that opens the electric sector to private investment, allowing the creation of joint ventures after nearly two decades of state control.
The bill is the latest effort by interim president Delcy Rodríguez, who took power in January after her predecessor was ousted by the United States, to open the country’s economy to foreign and private capital, following changes in hydrocarbon and mining laws.
The reforms enjoy the support of the Trump administration, which said it would help revitalize Venezuela’s economy for the benefit of both American companies and Venezuelans.
