The
United States is ready to support pro-market reforms and privatizations in
Venezuela with investment and credit to reverse socialism and rebuild a ruined
economy, U.S. Commerce Secretary Wilbur Ross said on Thursday.
There will be an immediate need for capital infusions to bridge the lack of liquidity in Venezuela once the internationally recognized government of opposition leader Juan Guaido takes over, Ross said at a meeting on the reconstruction of Venezuela.
In the long term, however, Venezuela has 300 billion barrels of oil, gold and other mineral riches to rebuild its economy, he told the gathering of infrastructure company executives in Brasilia.