Venezuela’s Maduro extends economic emergency measures

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CARACAS: Embattled Venezuelan President Nicolas Maduro on Friday (Saturday in Manila) extended by three month emergency powers to shore up the country’s crippled economy, and said that he expects to continue such extensions through 2017. Speaking in a broadcast address to the nation, Maduro said that he signed a new emergency decree “that will allow us during the months of May, June, July” to “recover the country’s productive capacity.” He said that the extension will be done “constitutionally” and will last “for the year 2016 and likely during the year 2017.” Maduro first issued a 60-day decree for emergency powers on January 14, a measure that was extended in March.

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AFP

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