TELESUR — broadcast
20261012 120000 UTC
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[00:00:16] We are starting another broadcast of economic impact through the Telesur signal.
[00:00:19] Also starting another week with great pleasure to be able to accompany you, my name is Daniel Ross, on behalf of this
[00:00:23] great team, welcome, let's start with the headlines of this
[00:00:27] broadcast.
[00:00:31] In our world today, the acting president of
[00:00:34] capable of, I always say it, of what Venezuela announced the socioeconomic advances of the
[00:00:37] Venezuelace Plan.
[00:00:43] In our analysis space, we will be
[00:00:46] addressing Argentina, how the socioeconomic crisis of that
[00:00:50] country is
[00:00:54] announced that a reform of the electrical deepening. And in our digital tour, Russia
[00:00:58] will sell diesel to international markets without any
[00:01:01] problem, the Kremlin assures. Let's start with the details of the
[00:01:05] information.
[00:01:15] To begin, we start this world today with Venezuela,
[00:01:18] and as part of the Venezuela Renace Plan, the government of that country
[00:01:22] reported on advances in the recovery and
[00:01:24] rehabilitation of homes with actions aimed at families in
[00:01:28] Caracas and in different states
[00:01:32] part, the triumvirate of the of the country. This was announced by the acting president Delsi Rodríguez, whom we hear at this
[00:01:35] moment. In terms of housing, we have
[00:01:38] rehabilitated and delivered
[00:01:40] 2,422 homes in Caracas, with
[00:01:44] special attention in the Libertador and
[00:01:47] Chacao municipalities, as well as the states of Laguaira, Miranda, and
[00:01:51] Aragua, benefiting
[00:01:52] 8,862
[00:01:55] people. Also, 700 new homes
[00:01:59] have been delivered in six states of the
[00:02:03] country, and in Laguaira, 686 homes were
[00:02:07] recovered,
[00:02:08] benefiting
[00:02:11] 3,358 people. We are also continuing to rehabilitate
[00:02:14] 20,083 homes that will collectively
[00:02:18] benefit 82,205
[00:02:22] people in three states of the
[00:02:24] country. In turn, the Venezuela
[00:02:28] Renace Plan also includes mechanisms
[00:02:30] for financing to support families in the recovery of their homes. Among
[00:02:34] the measures announced are credits for condominiums, also the
[00:02:37] construction of temporary single-family
[00:02:40] homes. Let's look at the details:
[00:02:43] We have granted 461
[00:02:46] 25% less than what the credits to condominiums benefiting 16,172
[00:02:50] 16,172
[00:02:52] families for the recovery of their spaces, their homes,
[00:02:55] and the plan for 3 temporary
[00:02:59] single-family homes
[00:03:02] in Ciudad Caribe is being executed, with
[00:03:05] 27% progress and a total
[00:03:08] goal of 6,000 single-family
[00:03:10] homes.
[00:03:13] We continue in Venezuela, which reaches 3 consecutive years of economic
[00:03:17] growth, and the CEPAL estimates that it will close 2026 with more
[00:03:21] than 6.5%. One of the sectors that is being renovated
[00:03:25] is the electrical sector. The report with Madel
[00:03:26] García.
[00:03:37] greatest socioeconomic crisis in
[00:04:00] performing maintenance and adjustments to
[00:04:00] regional level. Today, the World leave them in operational
[00:04:02] conditions, we incorporate
[00:04:06] megawatts into the system to seek system conditions,
[00:04:09] to improve the national electrical system, that's what it's
[00:04:13] about. Yes, we are recovering, of course
[00:04:15] we are, the goal is to recover in the medium term the electrical
[00:04:19] sector that was affected by the illegal sanctions from the United
[00:04:23] States by not being able to have access to original
[00:04:26] spare parts. waiting for the spare parts, they already arrived.
[00:04:30] Spare part, let's go forward, my love. When it's 24 hours, we give it
[00:04:33] 24 hours. The rest of the days from 7 to 7 in the
[00:04:36] evening, from 7 to 9, from 7 to 10. Uh-huh, you have to
[00:04:40] give it, but for that we are looking for that
[00:04:44] that the country and build and the things that are being
[00:04:47] loaned, we have a better operation with electricity,
[00:04:51] there we go little by little, the earthquake affected 800
[00:04:54] MW and from that 600 were recovered
[00:04:57] 3 months after the seismic double that stabilized
[00:05:00] electricity mainly in three states in the central-western
[00:05:04] part of the country. Trust in us, because we are
[00:05:08] guarantors of the national electrical system, we are
[00:05:11] focused, committed, and even
[00:05:14] in love with what the electrical system is and its good
[00:05:17] functioning, its good service, we are service
[00:05:20] providers with quality, with
[00:05:23] vocation, and well, with love for Venezuela as well, so
[00:05:26] that Venezuela grows, and
[00:05:29] Venezuela grew for the third consecutive year despite the
[00:05:33] difficulties, dialogue with private companies and consensus
[00:05:36] allowed the country to be ranked first
[00:05:39] in Latin America and has remained so. This speaks
[00:05:43] volumes about the effort of what we are
[00:05:47] we are capable of as Venezuelans and you as
[00:05:50] entrepreneurs in the most
[00:05:54] difficult environment of economic blockade, financial
[00:05:57] blockade, you gave and have given your best
[00:06:01] to move forward. The acting
[00:06:03] president Dels Rodríguez
[00:06:07] system law is in the works, soon.
[00:06:10] Soon, and when I say soon, I am referring to the next
[00:06:13] days, weeks, but it will not pass this year,
[00:06:17] a reform of the national electrical system law, of the electrical
[00:06:21] service that allows private
[00:06:23] participation in the generation,
[00:06:26] transmission, distribution processes.
[00:06:30] This is something that we have also been discussing with the private
[00:06:33] sector. In addition to the electrical sector, Venezuela has a clear
[00:06:37] growth path in other sectors such as the petrochemical
[00:06:40] and oil sectors with 61 agreements signed with
[00:06:44] different countries around the world. Madalein García, Telesur, Caracas,
[00:06:47] Venezuela.
[00:06:52] In Ecuador, the business sector warned about the negative
[00:06:55] impact produced by the constant electrical interruptions on
[00:06:58] production throughout the national territory. The Ecuadorian
[00:07:02] Business Committee indicated that the expansion of scheduled disconnections from 48
[00:07:05] to 72 hours per week, threaten thousands of jobs and the
[00:07:09] income of numerous families, due to the lack of production
[00:07:12] shifts, putting jobs and income at risk.
[00:07:16] Regarding exports, the Ecuadorian Federation of Exporters stated that it
[00:07:19] foresees negative consequences, emphasizing that 75% of the
[00:07:23] volume of exported cargo corresponds to perishable products
[00:07:26] that require preservation conditions and operational
[00:07:30] continuity. In view of this, the Chamber of Industries and Production urged
[00:07:33] the authorities to consider alternatives and generalize savings in all
[00:07:37] sectors, given that this rationing would affect
[00:07:41] production and business
[00:07:43] commitments.
[00:07:49] Today in Cuba, the government is promoting an economic reform that seeks to increase
[00:07:53] production, decentralize management, and expand opportunities for
[00:07:57] private and cooperative actors. Cuban authorities reported that the
[00:08:00] reform has 158 of the
[00:08:03] 176 approved transformations already in the implementation
[00:08:07] phase. They highlighted that the reform expands the possibilities of
[00:08:10] growth for micro, small, and medium-sized enterprises, facilitating their participation
[00:08:14] in foreign trade and opening new avenues for association with foreign
[00:08:18] capital. They added that among the changes reflected in the
[00:08:21] reform, the elimination and expansion of the previous limit of 100
[00:08:24] workers, flexibility in wholesale trade,
[00:08:28] and the opening of new ways to connect Cuban private
[00:08:32] companies with foreign investments and international markets are highlighted. They
[00:08:36] affirmed that this reform aims to increase national production
[00:08:39] of food, goods, and services, reduce
[00:08:42] unproductive costs, incorporate technology and
[00:08:45] innovation, and also reduce dependence on finished
[00:08:48] products from abroad. All this in a
[00:08:52] tense context where the blockade of the United States
[00:08:55] continues to affect the well-being of the Caribbean country, with its most recent
[00:08:59] attack being the application of new sanctions, this time limiting
[00:09:02] educational and intercultural travel, and applying
[00:09:05] financial restrictions to the private
[00:09:07] sector.
[00:09:13] I'm telling you now that the International Energy Agency requested its members to evaluate
[00:09:17] the release of additional diesel reserves.
[00:09:21] The international organization indicated that all members have the task
[00:09:24] of evaluating whether it is necessary to carry out more
[00:09:27] diesel releases, in addition to determining their scope,
[00:09:31] schedule, and complementary nature. Likewise,
[00:09:34] it suggested that member countries that still have not
[00:09:37] fully delivered the promised volumes accelerate
[00:09:40] pending releases, prioritizing diesel before the meeting of the
[00:09:44] IEA Governing Board scheduled for October 15.
[00:09:48] This initiative aims to mitigate the Strait of Hormuz crisis on
[00:09:52] energy markets present in the world since the end
[00:09:55] of February of this year due to the war promoted by
[00:09:59] the United States and
[00:10:00] Israel.
[00:10:06] We'll take a break, upon returning, as part of our analysis space, we will be addressing
[00:10:10] how the socioeconomic crisis in Argentina is deepening.
[00:10:14] I'll be back with all the
[00:10:15] details.
[00:10:55] South America is in constant evolution,
[00:10:58] accompany Beto Almeida and his guests in Latitud
[00:11:02] Brasil, a conversation where the most important
[00:11:06] aspects of daily Brazilian events are discussed in the
[00:11:10] political, social,
[00:11:13] economic, and cultural panorama, every Wednesday,
[00:11:17] only on
[00:13:08] These are images of Argentina, as the economic recession in that country
[00:13:11] persists and already affects more than 15 million inhabitants below the poverty
[00:13:15] line, according to a recent report from the National Institute of Statistics
[00:13:19] and Censuses (Indec). The gross domestic product of Argentina registered a
[00:13:22] decrease of 0.6%
[00:13:25] in the second quarter of the year compared to the previous quarter. At the same time,
[00:13:29] poverty soared to 32.3% in the first
[00:13:32] half of 2026 and exceeded 15 million people, in a
[00:13:36] context marked by contradiction, forgive me, by the
[00:13:39] contraction of national economic activity and a severe setback in
[00:13:42] the narrative of the libertarian president Javier Miley with his
[00:13:46] promise to reach an inflation of 0, eh eh zero,
[00:13:50] this in August. With these data, the Argentine economy registered an
[00:13:54] interannual fall of 4.6% and trade
[00:13:56] retreated by
[00:13:58] 5.1%.
[00:14:06] In addition to the above, there are increases in services and tariffs
[00:14:10] authorized by the government that began in September and
[00:14:13] have already reached up to 5%. The increase
[00:14:17] applies a percentage of 1.75% in electrical
[00:14:20] services also to users of Edenor and
[00:14:23] Edesur in the metropolitan area of Buenos Aires and
[00:14:26] 1.4% in natural gas at national level, framed in the
[00:14:30] energy emergency in force until 2027. To mitigate the
[00:14:33] impact on households, the executive increased total subsidies to
[00:14:36] 75% for electricity and 74.5% for
[00:14:40] gas and raised the bonusable consumption ceiling for electricity to 200
[00:14:44] kW per month, reversing the planned reduction of
[00:14:47] 150 kW. The government indicated that this update
[00:14:51] responds to the international rise in energy costs, seeking
[00:14:55] to thus avoid a more pronounced jump in
[00:14:57] bills.
[00:15:05] Javier Milley's administration has been marked by a sharp
[00:15:08] economic and productive decline between the end of
[00:15:11] 2023 and mid- 2026. The uninterrupted
[00:15:15] fall in activity in industries, trade, and employment has
[00:15:18] critically deteriorated the operational viability of Argentine
[00:15:21] companies. More details, below.
[00:15:27] Between November 2023 and June 2026,
[00:15:30] the Argentine economy experienced a marked contraction under the
[00:15:34] administration of President Javier Miley, reflecting
[00:15:37] deterioration in the sustainability of private companies and formal
[00:15:40] employment. According to a report by the Center for Argentine
[00:15:44] Political Economy, based on data from the Superintendence of
[00:15:47] Labor Risk, the formal closure of 31,342
[00:15:50] productive units was registered, which
[00:15:54] represents a contraction of 6.1%,
[00:15:57] reducing from 512,357
[00:16:01] to 481,015 employers. This business
[00:16:05] crisis led to the loss of
[00:16:07] 434,126
[00:16:10] formal jobs, a reduction of the employment mass by
[00:16:13] 4.4%. Sectors such as industry and
[00:16:17] construction have accumulated consecutive declines and account for
[00:16:20] 61% of the total loss. This contraction responds to
[00:16:24] fiscal adjustment policies, the fall in domestic demand due to the
[00:16:28] loss of purchasing power, the increase in tariffs, and imported
[00:16:32] openness. In this way, small and medium-sized enterprises with less
[00:16:36] liquidity have been the most affected, consolidating a recessionary
[00:16:39] scenario that compromises long-term productive viability.
[00:16:42] plazo.
[00:16:48] Given this panorama, the General Confederation of Labor recently held a
[00:16:51] massive mobilization towards the Secretariat of Industry in Buenos
[00:16:55] Aires to denounce the deterioration of the productive
[00:16:58] sector. Under the slogan "The Malvinas are Argentinian, national
[00:17:02] industry also." Workers demanded an end to the closure of companies
[00:17:06] and industries. For its
[00:17:09] union central criticized the import
[00:17:12] opening measures and the lack of credit from President Javier Miley and
[00:17:16] warned that his neoliberal policy generates massive deindustrialization
[00:17:19] that destroys the productive fabric and increases
[00:17:22] unemployment. This protest is part of a staggered
[00:17:26] mobilization scheme before evaluating a fifth general
[00:17:29] strike.
[00:17:40] Beyond the deterioration in the industrial sector, Miley's administration has
[00:17:44] advanced in its privatization plan, recently adding
[00:17:47] water services to the list of companies transferred to the
[00:17:50] private sector. Javier Miley's government has managed to take another
[00:17:54] step in its privatization plan, recently the economic
[00:17:57] offers for 90% of the share package of AySA (Agua y
[00:18:01] Saneamientos Argentinos) were announced, the company that provides
[00:18:04] potable water and sewers to 14 million users in Buenos Aires and
[00:18:08] 26 districts of the Conurbano. When the award
[00:18:12] is finalized, the remaining administrative step, the company will be
[00:18:15] in the hands of a consortium led by local businessmen who will pay
[00:18:19] 340.2 million dollars for it, almost
[00:18:24] executive expected to collect. We highlight that this
[00:18:26] is the largest operation of Miley's administration's privatization
[00:18:30] program.
[00:18:31] Miley.
[00:18:38] But that's not all, purchasing power in Argentina is experiencing a historic collapse,
[00:18:41] severely eroding the purchasing capacity of citizens at
[00:18:45] all socioeconomic levels. Let's review the data: the minimum
[00:18:49] vital and movable wage in Argentina collapsed by
[00:18:52] 40.8% in real terms between November
[00:18:55] 2023 and September 2026. This sharp
[00:18:59] contraction in purchasing power, accelerated under the adjustment
[00:19:02] measures of Javier Miley's administration, has plunged
[00:19:06] the legal minimum income to a purchasing power level
[00:19:09] similar to that of April 2002, one of the periods of
[00:19:15] the country's recent history.
[00:19:31] We'll take a second break, please don't go, upon returning as part of our digital
[00:19:35] journey, we'll talk about Russia. will sell diesel to international
[00:19:38] markets without any problem, at least that's what the
[00:19:42] Kremlin says. I'll be back with the details.
[00:20:13] This date represents the living memory of the indigenous peoples of Latin
[00:20:17] America, who have faced centuries of dispossession, exclusion, and
[00:20:20] violence, but have also resisted with strength, wisdom,
[00:20:24] and dignity. It is a day to honor their cultures, their
[00:20:28] languages, their worldviews, and their struggles for land,
[00:20:31] justice, and autonomy. Recognizing their
[00:20:34] history is recognizing the deep root of our
[00:20:38] Latin American identity woven with diversity, resilience,
[00:20:42] and community spirit. Niukanci Cosaita Monaiko.
[00:20:45] We love our life in the Quechua
[00:20:47] language.
[00:20:50] October, Indigenous Resistance
[00:20:51] Day,
[00:21:01] join the Telesur Telegram channel and receive the most
[00:21:04] relevant news and analysis from Latin America and the world
[00:21:07] on your mobile, with the depth that our multiplatform
[00:21:11] offers you. Scan the QR code to stay informed
[00:21:14] 24
[00:21:15] hours a day.
[00:21:50] We are back in economic impact, we are going to start, if you allow us, our digital tour and we
[00:21:53] do it with Sputnik, a portal that offers us the following headline:
[00:21:57] Russia will sell diesel to international markets without any
[00:22:00] problem. Kremlin spokesman Dmitry Peskov informed
[00:22:04] that Russia will sell its diesel without problems thanks to the enormous
[00:22:08] global demand, due to the high international interest, and in
[00:22:11] reference to the question of whether any country had already requested Russian
[00:22:15] diesel after the lifting of export restrictions, Peskov indicated that it
[00:22:18] is not mandatory since sales are made
[00:22:22] through independent
[00:22:23] traders.
[00:22:31] We move on to TV BRICS which informs us that the energy storage market in
[00:22:34] India could multiply by almost
[00:22:37] 48 by 2032. According to official
[00:22:40] data, the total capacity of these systems
[00:22:44] will increase from 6.3 GWh in fiscal year
[00:22:47] 2026 to 302 GWh by
[00:22:50] 2032, which would mean multiplying by almost
[00:22:54] 48 the current level. In turn, the annual increase in capacity
[00:22:58] could go from 5.7 GW to 56
[00:23:01] GW, and the annual growth rate of the sector could
[00:23:04] reach 91%. For its part, the Central Electricity
[00:23:08] Authority of India stated that the country's needs
[00:23:11] for battery energy storage will reach
[00:23:15] 236 GWh by 2032 and
[00:23:18] will reach 1840
[00:23:21] GWh by
[00:23:22] 2047.
[00:23:32] We conclude our digital tour by visiting the Telesur website, which informs us
[00:23:36] that Brent crude exceeds $105.
[00:23:39] Brent crude, the most relevant benchmark for global
[00:23:42] prices, increased by up to 3% on Sunday and
[00:23:46] surpassed $105 per barrel by October 9.
[00:23:50] The price approached $104, remaining at
[00:23:54] historically high levels that pressure the economies of the dependent
[00:23:57] Global South, and last week, attacks against tankers crossing
[00:24:01] the Strait of Hormuz reached their highest level since the beginning
[00:24:05] of the conflict between the United States and Iran. These increases
[00:24:08] show signs of continuity given the prolonged conflict in West
[00:24:12] Asia and the volatility of transit through the Strait of
[00:24:15] Hormuz.
[00:24:27] Let's review the oil indicators. At the beginning of today's session,
[00:24:30] West Texas Intermediate (WTI) registered a price of
[00:24:34] $93.2 cents, an increase of
[00:24:37] $1.13. In the case of Brent crude, the benchmark
[00:24:41] in Europe, its price was set at
[00:24:44] $105.98,
[00:24:47] an increase of $1.27.
[00:24:50] Finally, I tell you that the crude oil averaged by OPEC registered a price of $110.81.
[00:25:13] And so we reach the end of this broadcast, as always, thank you for having started your
[00:25:17] company, well, sorry, your week with the best company. That of
[00:25:20] Telesur, my name is Daniel Rosas, I say goodbye for now, but we'll see you soon with more economic
[00:25:23] impact, please continue with our signal,
[00:25:42] decisions that drive social changes,
[00:25:45] consequences that transform lives, stories that
[00:25:49] leave a mark. We show you the world and
[00:25:52] its
[00:25:53] realities.
[00:25:59] Let's go immediately to live images, we told you that there is
[00:26:03] an event today at FAO in the World
[00:26:06] Food Forum, at this moment the opening
[00:26:09] words of seeds, food, we saw how
[00:26:12] global diversity for food and agriculture and seeds
[00:26:16] preserved and exchanged between generations become
[00:26:19] the food that we put on our
[00:26:22] tables, the exhibition allows
[00:26:26] participants to experience how inputs, production
[00:26:29] systems, processing, markets, and consumption are connected, and how
[00:26:32] innovation and knowledge
[00:26:36] determine every step along the way.
[00:26:38] In the science and innovation
[00:26:41] forum, innovators,
[00:26:44] researchers, and young entrepreneurs will show us how
[00:26:48] artificial intelligence, digital tools, and
[00:26:51] cutting-edge science
[00:26:53] can accelerate solutions that we couldn't have imagined
[00:26:57] a few years ago. In the investment forum, hand
[00:27:01] in hand, we will bring together
[00:27:05] governments, investors, and partners around
[00:27:08] concrete investment opportunities in agrifood systems. Investment is what allows
[00:27:12] innovation to go from concept to large scale,
[00:27:15] connects producers and markets, strengthens value
[00:27:19] chains, and converts national priorities into lasting
[00:27:22] transformation. We have
[00:27:25] already 7,880
[00:27:29] million
[00:27:31] committed, and they are being negotiated,
[00:27:34] and the repercussions are beginning to become a reality. In the
[00:27:38] Rome water dialogue, we will
[00:27:41] address one of the most important issues of our
[00:27:45] times: how to manage, share, and protect water for food,
[00:27:49] people, and the planet. At the global
[00:27:52] center for indigenous food systems, we
[00:27:55] will work with the knowledge and traditions
[00:27:59] that indigenous peoples have passed down for generations,
[00:28:02] knowledge that holds the
[00:28:05] answers to sustainability
[00:28:08] problems that
[00:28:10] only now modern science is
[00:28:14] rediscovering. Also, the youth
[00:28:17] action forum will allow
[00:28:19] us to remember that the
[00:28:22] future is what young people are already building today,
[00:28:26] ladies and gentlemen, dear friends, dear
[00:28:29] colleagues, I firmly believe that
[00:28:32] we can accelerate progress in the transformation
[00:28:35] of our agrifood systems if we invest in conditions
[00:28:39] that allow innovation to take root, grow,
[00:28:42] and have an impact. Above all, we must invest in
[00:28:46] people, in human capital, especially in young people and
[00:28:50] young women, because they are the future, they are the ones
[00:28:54] who get things done, they are also the investors and the leaders
[00:28:57] of the future. The office for youth
[00:29:01] and women from FAO is working with members
[00:29:04] and partners to strengthen infrastructure dedicated to
[00:29:08] youth around the world, from FAO headquarters in
[00:29:11] Rome to countries and the field,
[00:29:14] what are the
[00:29:18] uh policies and
[00:29:20] the data, the networks and the opportunities that allow each
[00:29:24] generation to enter into the agri-food systems, contribute to them and
[00:29:28] progressively take over the
[00:29:31] reins. This is how we enable continuous
[00:29:35] generational renewal. We also
[00:29:38] invest in physical infrastructure because this
[00:29:41] generates productive assets
[00:29:43] and for that we have to
[00:29:47] invest in infrastructure
[00:29:50] for youth. This infrastructure has
[00:29:54] begun to take root here in Rome and is increasingly translating into
[00:29:57] actions at the country, community and
[00:30:03] Food Day has expanded to more than 100
[00:30:06] national youth chapters. In 2026
[00:30:09] we also brought the World Food Forum closer to the regions
[00:30:13] with regional platforms that
[00:30:16] worked to connect young people, young people, science and
[00:30:20] innovation in line with regional priorities and realities
[00:30:23] also through the influence of people who know the
[00:30:27] agri-food systems best.
[00:30:30] That is what it means to innovate today to nourish tomorrow.
[00:30:34] We have to build not only the solutions we need now, but also the
[00:30:37] infrastructures, institutions, opportunities and what
[00:30:41] generations will need to transform the
[00:30:44] agri-food systems in the future. The scale of the challenges
[00:30:47] we face requires us to work together, to
[00:30:51] all contribute. Partnerships
[00:30:53] are key to success. We need stronger
[00:30:57] partnerships that turn science.