pnudvenezuela

The Venezuelan economic board added this week an element that few people associate with the foreign exchange market: international cooperation. Acting President Delcy Rodríguez received in Miraflores the UNDP regional director for Latin America and the Caribbean, Michelle Muschett, who delivered the first Post-Disaster Needs Assessment (PDNA) report— the technical diagnosis aimed at organizing the country’s recovery after the earthquakes of June 24.
At PitbullChain, we don’t view this type of announcement as a mere ceremonial act. When a multilateral organization puts numbers, sectors, and priorities on the table, what usually comes next is financing, technical assistance, and—eventually—foreign currency. And in an economy where the exchange rate moves every day, any external flow deserves attention.