Venezuela to nationalise food distribution
Venezuelan President Nicolas Maduro has promised to nationalize food distribution in the South American nation beset with record shortages of basic goods, runaway inflation and an escalating economic crisis.
During a rally Friday, on International Workers' Day, the socialist leader allowed a union activist to ask for the nationalization of food and essential-item distribution.
Citing new decree-making powers recently granted by the National Assembly, Maduro said he would carry out such a measure "in the coming days and weeks."
Maduro had pledged earlier in the week to announce economic reforms.
Various estimates suggest the government already controls about half of the country's food distribution, but that hasn't stopped record shortages in shops and markets.
Comments