BlackRock CEO Larry Fink Backs Venezuela Investment After Maduro's Removal, Citing Oil-Rich Potential
Updated
Updated · Bloomberg · May 11
BlackRock CEO Larry Fink Backs Venezuela Investment After Maduro's Removal, Citing Oil-Rich Potential
1 articles · Updated · Bloomberg · May 11
Larry Fink said Monday he is “quite bullish” on investing in Venezuela, signaling confidence in opportunities opened by the country’s post-Maduro overhaul.
New York remarks tied that optimism directly to Nicolas Maduro’s removal, which Fink said had sparked changes that could revive the economy.
Venezuela’s oil wealth underpins the investment case, with Fink saying the nation could be brought “back into its glory.”
With billions flowing into Venezuela, what protects foreign investments from the next political upheaval?
As Venezuela's oil wealth returns, will it lift millions from poverty or just enrich a new elite?