LatinNews Daily - 09 April 2026

*Venezuela’s President Delcy Rodríguez has announced a “responsible increase” to ​workers’ monthly salaries on 1 May, without providing further details. According to the latest figures from the country’s central bank (BCV), monthly inflation was running at 14.6% in February, albeit down from 32.6% in January. Rodríguez also said that such increases would continue “as Venezuela possesses and enjoys more resources” – a reference to the country’s opening-up to foreign investment following the US military incursion in January and removal of former president Nicolás Maduro (2013-2026). She also announced a raft of other economy-related measures. These include plans to create a commission to determine ​what assets count as strategic for the state although she was cited by the media as ruling out the privatisation of Venezuela’s state oil company Petróleos de Venezuela (Pdvsa). She also announced the “immediate installation” of a national council to consider tax reform proposals aimed at creating a “more competitive” and “more efficient” tax system, and a “comprehensive plan to restructure Venezuela's social protection system”, aimed at optimising care for the most vulnerable sectors, although further details were not provided. Other measures include the creation of a national registry of “knowledge and professions” aimed at integrating “the talent of young people, pensioners, and Venezuelans who have returned to the country” into the national economy, and the creation of a committee to assess labour conditions. Rodríguez also announced that she had requested the national assembly to draft reforms to legislation regulating the real estate market, to address some 500,000 unoccupied homes.

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