According to high-level diplomatic sources, the regime of Venezuelan President Nicolas Maduro will recover 3 billion dollars from Frozen deposits abroad over the next few weeks, a large part of which is in US banks.
The sources say that these funds will be put at the disposal of the United Nations, which will oversee their spending and ensure that they will be allocated to projects aimed at improving the lives of Venezuelans, which have been deteriorating for years on more than one level.
It is noteworthy that the release of these deposits was the main item in the agreement reached by the dialogue between the regime and the opposition in Mexico, late last year, but it remained a dead letter because of the fear of the United Nations that the creditors of the Venezuelan government would take the initiative to claim its dues. But the US administration informed the UN secretary-general in May that it would ensure that these deposits were protected from creditor demands.
The Venezuelan foreign minister, Ivan Khel, confirmed on the sidelines of the Non-Aligned Movement summit in Baku in July that these deposits will soon be at the disposal of the Venezuelan state, as it is the right of the Venezuelan people.
The Maduro regime has put the release of these funds at the forefront of its priorities, especially as it faces difficult economic conditions, and it urgently needs them to implement development projects such as the construction of schools and hospitals and infrastructure repair, hoping that this will help it improve its image in preparation for the upcoming elections next year.
