Venezuela: Key Points of President Maduro’s Speech at BRICS Summit

August 24, 2023

Venezuela President Nicolás Maduro participated this Wednesday, August 23, in the XV Summit of Heads of State and Government of the Brics, held in Johannesburg, South Africa, in an activity called “Brics+ Rapprochement Dialogue”. This is the first time that Venezuela participates in the meeting of the emerging political cooperation bloc.

Venezuela advocates for a new global financial architecture

“From Venezuela we join wills for the configuration of a new financial architecture that allows us to carry out our transactions with novel physical and digital means, and with a wide basket of national currencies, as well as to access new forms of financing that contribute to the recovery and strengthening of our economies, in the case of Venezuela, projected growth above 5% in this year 2023, the highest in the region, according to ECLAC, Economic Commission for Latin America and the Caribbean of the United Nations Organization.”

Venezuela reiterates before the BRICS its intention to join the bloc.

“Venezuela joins the requests of countries with aspirations to join the Brics, as we officially expressed in letter in 2015 and ratified it recently, to contribute to this global integrating model the largest certified oil reserves in the world, among other riches. In addition, our country has abundant mineral resources that provide it with over 20% of the world’s iron, copper and gold reserves, in addition to the existence of silver, bauxite, coltan, nickel, rhodium, titanium, among others. It also has a privileged geographical position in the north of South America”.

Venezuela defends the global de-dollarization process to overcome the barriers imposed by sanctions.

“The experience accumulated by Venezuela in the struggle and resistance against the illegal imposition of criminal sanctions, of unilateral coercive measures, is another of the fundamental aspects that we are willing to share with the Brics group and all its friends. The reality of recent years has made evident the need to advance in the process of de-dollarization of the world economy, in the face of the indiscriminate use and abuse of the US currency as a mechanism of economic warfare against the free peoples of the world.”

“Recent studies have shown that at least 30 nations, 28% of the world’s population, about 2178 million human beings, are affected by imperialist sanctions and other measures of extortion and economic warfare. The damage to our economies and development models is undeniable. The implementation of these measures has a negative impact on the enjoyment of Human Rights, as recognized by the UN Human Rights Council in March 2023”.

With the emergence of the BRICS we are closer than ever to achieving the dream of Simon Bolivar.

“Two hundred years ago, in the midst of the struggle for our independence, for the independence of America, our Liberator Simón Bolívar proposed the construction of what today we could call a multipolar and pluricentric world, as he put it: to achieve the longed-for universal balance. I sincerely believe that with the emergence of the Brics we are closer than ever to achieving Simón Bolívar’s dream, which is the dream of the Great Homeland, which is the dream of the human homeland”.

Venezuela commits to promote the relationship between the BRICS and Latin America and the Caribbean.

“It is our desire to join the Council of Think Tanks of the BRICS to contribute with our modest experience to counteract the pernicious effects of Western sanctions against the economies of the world, as well as the dismantling of the system of financial and commercial domination. Likewise, we assume before the leaders of the Brics the responsibility to promote the political and economic relationship of the Brics architecture with the main mechanisms of coordination and cooperation of Latin America and the Caribbean, among them the Bolivarian Alliance for the Peoples of Our America-People’s Trade Agreement (ALBA-TCP) and the Community of Latin American and Caribbean States (Celac) to advance in the constitution of regional blocs, as we envisioned in the historic Brics-Unasur Summit of 2014”.

Venezuela proposes a communications alliance between the Brics and Latin America.

“The consolidation of these ambitious alliances requires a high level of awareness of the peoples about the realities, strengths and capabilities to move forward together. To this end, we propose to strengthen the communicational synergy through the re-launching of cooperation between TV Brics and TeleSur, a Latin American and Caribbean multi-media and multi-state platform”.

The inclusive vision of the BRICS integrates small and medium-sized enterprises into global value chains.

“The Brics have been conceived since their conformation with an inclusive vision and complementarity, and the multilateral system with the World Trade Organization and its reform has been placed at the core, thus supporting the growth of micro, small and medium-sized enterprises to integrate them into global value chains, and thus expand cooperation in the fields of digital economy and green development, among other actions.”

Source: Mision Verdad, translation Resumen Latinoamericano – English