U.S. Commerce Secretary Ross pledges support for Venezuela reconstruction

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U.S. Commerce Secretary Ross pledges support for Venezuela reconstruction
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The United States is ready to support pro-market reforms and privatizations in V...

BRASILIA - 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.

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. Ross led a round table on Venezuela at a conference organized by CG/LA Infrastructure, a Washington-based company dedicated to building world infrastructure markets, attended by companies such as Oracle and Hill International.

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