- Investors are already looking towards financial possibilities in Venezuela after Maduro’s removal.
- Charles Myers, the head of Signum Global Advisors, mentioned that he is getting ready to travel to Venezuela in March.
- Myers stated that foreign investment in the oil and tourism sectors will serve as the “centerpiece” of Venezuela’s recovery.
A group of approximately 20 American investors is already preparing to visit Venezuela in March, following Saturday’s report that the nation’s president,Nicolás Maduro, had been captured by US authorities.
Charles Myers, the head of the political risk consulting company Signum Global Advisors and a former vice-chairman at the investment advisory firm Evercore, shared with Business Insider that the sentiment among investors he has spoken with is one of “cautious optimism” after the recent developments.Maduro’s ouster.
I believe the key to Venezuela’s success, considering a timeframe of 12 or even 24 months, is foreign investment,” Myers stated. “A significant aspect of Venezuela’s narrative, beginning now, is foreign investment, particularly in the oil and gas sector, which is quite clear-cut, but there are substantial opportunities in construction and tourism.
Myers stated that it is not his company’s duty to take a “moral stance” on whether the US was justified in getting involved in Venezuela’s government, but instead to assist the company’s clients in identifying investment possibilities or reducing risks caused by political events.
Nevertheless, he mentioned, his company “strongly anticipated” the developments in Venezuela, and has been getting investor groups prepared to visit the country once the chance arises. Signum has previously organized similar trips for asset managers and hedge funds to visit Syria and Ukraine.
People have been aware of this development, particularly savvy investors, and many have already purchased bonds in expectation of it,” Myers stated. “However, there is a significant level of cautious optimism, even greater than what we observed with Syria, simply because this isUnited States-directed action.”
The United States will be crucial in all aspects, particularly in the Venezuelan economy, beginning today,” Myers said, “Therefore, I believe the response has been more positive than in other similar situations.
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