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00:00:16We are starting another broadcast of economic impact through the Telesur signal.
00:00:19Also starting another week with great pleasure to be able to accompany you, my name is Daniel Ross, on behalf of this
00:00:23great team, welcome, let's start with the headlines of this
00:00:27broadcast.
00:00:31In our world today, the acting president of
00:00:34capable of, I always say it, of what Venezuela announced the socioeconomic advances of the
00:00:37Venezuelace Plan.
00:00:43In our analysis space, we will be
00:00:46addressing Argentina, how the socioeconomic crisis of that
00:00:50country is
00:00:54announced that a reform of the electrical deepening. And in our digital tour, Russia
00:00:58will sell diesel to international markets without any
00:01:01problem, the Kremlin assures. Let's start with the details of the
00:01:05information.
00:01:15To begin, we start this world today with Venezuela,
00:01:18and as part of the Venezuela Renace Plan, the government of that country
00:01:22reported on advances in the recovery and
00:01:24rehabilitation of homes with actions aimed at families in
00:01:28Caracas and in different states
00:01:32part, the triumvirate of the of the country. This was announced by the acting president Delsi Rodríguez, whom we hear at this
00:01:35moment. In terms of housing, we have
00:01:38rehabilitated and delivered
00:01:402,422 homes in Caracas, with
00:01:44special attention in the Libertador and
00:01:47Chacao municipalities, as well as the states of Laguaira, Miranda, and
00:01:51Aragua, benefiting
00:01:528,862
00:01:55people. Also, 700 new homes
00:01:59have been delivered in six states of the
00:02:03country, and in Laguaira, 686 homes were
00:02:07recovered,
00:02:08benefiting
00:02:113,358 people. We are also continuing to rehabilitate
00:02:1420,083 homes that will collectively
00:02:18benefit 82,205
00:02:22people in three states of the
00:02:24country. In turn, the Venezuela
00:02:28Renace Plan also includes mechanisms
00:02:30for financing to support families in the recovery of their homes. Among
00:02:34the measures announced are credits for condominiums, also the
00:02:37construction of temporary single-family
00:02:40homes. Let's look at the details:
00:02:43We have granted 461
00:02:4625% less than what the credits to condominiums benefiting 16,172
00:02:5016,172
00:02:52families for the recovery of their spaces, their homes,
00:02:55and the plan for 3 temporary
00:02:59single-family homes
00:03:02in Ciudad Caribe is being executed, with
00:03:0527% progress and a total
00:03:08goal of 6,000 single-family
00:03:10homes.
00:03:13We continue in Venezuela, which reaches 3 consecutive years of economic
00:03:17growth, and the CEPAL estimates that it will close 2026 with more
00:03:21than 6.5%. One of the sectors that is being renovated
00:03:25is the electrical sector. The report with Madel
00:03:26García.
00:03:37greatest socioeconomic crisis in
00:04:00performing maintenance and adjustments to
00:04:00regional level. Today, the World leave them in operational
00:04:02conditions, we incorporate
00:04:06megawatts into the system to seek system conditions,
00:04:09to improve the national electrical system, that's what it's
00:04:13about. Yes, we are recovering, of course
00:04:15we are, the goal is to recover in the medium term the electrical
00:04:19sector that was affected by the illegal sanctions from the United
00:04:23States by not being able to have access to original
00:04:26spare parts. waiting for the spare parts, they already arrived.
00:04:30Spare part, let's go forward, my love. When it's 24 hours, we give it
00:04:3324 hours. The rest of the days from 7 to 7 in the
00:04:36evening, from 7 to 9, from 7 to 10. Uh-huh, you have to
00:04:40give it, but for that we are looking for that
00:04:44that the country and build and the things that are being
00:04:47loaned, we have a better operation with electricity,
00:04:51there we go little by little, the earthquake affected 800
00:04:54MW and from that 600 were recovered
00:04:573 months after the seismic double that stabilized
00:05:00electricity mainly in three states in the central-western
00:05:04part of the country. Trust in us, because we are
00:05:08guarantors of the national electrical system, we are
00:05:11focused, committed, and even
00:05:14in love with what the electrical system is and its good
00:05:17functioning, its good service, we are service
00:05:20providers with quality, with
00:05:23vocation, and well, with love for Venezuela as well, so
00:05:26that Venezuela grows, and
00:05:29Venezuela grew for the third consecutive year despite the
00:05:33difficulties, dialogue with private companies and consensus
00:05:36allowed the country to be ranked first
00:05:39in Latin America and has remained so. This speaks
00:05:43volumes about the effort of what we are
00:05:47we are capable of as Venezuelans and you as
00:05:50entrepreneurs in the most
00:05:54difficult environment of economic blockade, financial
00:05:57blockade, you gave and have given your best
00:06:01to move forward. The acting
00:06:03president Dels Rodríguez
00:06:07system law is in the works, soon.
00:06:10Soon, and when I say soon, I am referring to the next
00:06:13days, weeks, but it will not pass this year,
00:06:17a reform of the national electrical system law, of the electrical
00:06:21service that allows private
00:06:23participation in the generation,
00:06:26transmission, distribution processes.
00:06:30This is something that we have also been discussing with the private
00:06:33sector. In addition to the electrical sector, Venezuela has a clear
00:06:37growth path in other sectors such as the petrochemical
00:06:40and oil sectors with 61 agreements signed with
00:06:44different countries around the world. Madalein García, Telesur, Caracas,
00:06:47Venezuela.
00:06:52In Ecuador, the business sector warned about the negative
00:06:55impact produced by the constant electrical interruptions on
00:06:58production throughout the national territory. The Ecuadorian
00:07:02Business Committee indicated that the expansion of scheduled disconnections from 48
00:07:05to 72 hours per week, threaten thousands of jobs and the
00:07:09income of numerous families, due to the lack of production
00:07:12shifts, putting jobs and income at risk.
00:07:16Regarding exports, the Ecuadorian Federation of Exporters stated that it
00:07:19foresees negative consequences, emphasizing that 75% of the
00:07:23volume of exported cargo corresponds to perishable products
00:07:26that require preservation conditions and operational
00:07:30continuity. In view of this, the Chamber of Industries and Production urged
00:07:33the authorities to consider alternatives and generalize savings in all
00:07:37sectors, given that this rationing would affect
00:07:41production and business
00:07:43commitments.
00:07:49Today in Cuba, the government is promoting an economic reform that seeks to increase
00:07:53production, decentralize management, and expand opportunities for
00:07:57private and cooperative actors. Cuban authorities reported that the
00:08:00reform has 158 of the
00:08:03176 approved transformations already in the implementation
00:08:07phase. They highlighted that the reform expands the possibilities of
00:08:10growth for micro, small, and medium-sized enterprises, facilitating their participation
00:08:14in foreign trade and opening new avenues for association with foreign
00:08:18capital. They added that among the changes reflected in the
00:08:21reform, the elimination and expansion of the previous limit of 100
00:08:24workers, flexibility in wholesale trade,
00:08:28and the opening of new ways to connect Cuban private
00:08:32companies with foreign investments and international markets are highlighted. They
00:08:36affirmed that this reform aims to increase national production
00:08:39of food, goods, and services, reduce
00:08:42unproductive costs, incorporate technology and
00:08:45innovation, and also reduce dependence on finished
00:08:48products from abroad. All this in a
00:08:52tense context where the blockade of the United States
00:08:55continues to affect the well-being of the Caribbean country, with its most recent
00:08:59attack being the application of new sanctions, this time limiting
00:09:02educational and intercultural travel, and applying
00:09:05financial restrictions to the private
00:09:07sector.
00:09:13I'm telling you now that the International Energy Agency requested its members to evaluate
00:09:17the release of additional diesel reserves.
00:09:21The international organization indicated that all members have the task
00:09:24of evaluating whether it is necessary to carry out more
00:09:27diesel releases, in addition to determining their scope,
00:09:31schedule, and complementary nature. Likewise,
00:09:34it suggested that member countries that still have not
00:09:37fully delivered the promised volumes accelerate
00:09:40pending releases, prioritizing diesel before the meeting of the
00:09:44IEA Governing Board scheduled for October 15.
00:09:48This initiative aims to mitigate the Strait of Hormuz crisis on
00:09:52energy markets present in the world since the end
00:09:55of February of this year due to the war promoted by
00:09:59the United States and
00:10:00Israel.
00:10:06We'll take a break, upon returning, as part of our analysis space, we will be addressing
00:10:10how the socioeconomic crisis in Argentina is deepening.
00:10:14I'll be back with all the
00:10:15details.
00:10:55South America is in constant evolution,
00:10:58accompany Beto Almeida and his guests in Latitud
00:11:02Brasil, a conversation where the most important
00:11:06aspects of daily Brazilian events are discussed in the
00:11:10political, social,
00:11:13economic, and cultural panorama, every Wednesday,
00:11:17only on
00:13:08These are images of Argentina, as the economic recession in that country
00:13:11persists and already affects more than 15 million inhabitants below the poverty
00:13:15line, according to a recent report from the National Institute of Statistics
00:13:19and Censuses (Indec). The gross domestic product of Argentina registered a
00:13:22decrease of 0.6%
00:13:25in the second quarter of the year compared to the previous quarter. At the same time,
00:13:29poverty soared to 32.3% in the first
00:13:32half of 2026 and exceeded 15 million people, in a
00:13:36context marked by contradiction, forgive me, by the
00:13:39contraction of national economic activity and a severe setback in
00:13:42the narrative of the libertarian president Javier Miley with his
00:13:46promise to reach an inflation of 0, eh eh zero,
00:13:50this in August. With these data, the Argentine economy registered an
00:13:54interannual fall of 4.6% and trade
00:13:56retreated by
00:13:585.1%.
00:14:06In addition to the above, there are increases in services and tariffs
00:14:10authorized by the government that began in September and
00:14:13have already reached up to 5%. The increase
00:14:17applies a percentage of 1.75% in electrical
00:14:20services also to users of Edenor and
00:14:23Edesur in the metropolitan area of Buenos Aires and
00:14:261.4% in natural gas at national level, framed in the
00:14:30energy emergency in force until 2027. To mitigate the
00:14:33impact on households, the executive increased total subsidies to
00:14:3675% for electricity and 74.5% for
00:14:40gas and raised the bonusable consumption ceiling for electricity to 200
00:14:44kW per month, reversing the planned reduction of
00:14:47150 kW. The government indicated that this update
00:14:51responds to the international rise in energy costs, seeking
00:14:55to thus avoid a more pronounced jump in
00:14:57bills.
00:15:05Javier Milley's administration has been marked by a sharp
00:15:08economic and productive decline between the end of
00:15:112023 and mid- 2026. The uninterrupted
00:15:15fall in activity in industries, trade, and employment has
00:15:18critically deteriorated the operational viability of Argentine
00:15:21companies. More details, below.
00:15:27Between November 2023 and June 2026,
00:15:30the Argentine economy experienced a marked contraction under the
00:15:34administration of President Javier Miley, reflecting
00:15:37deterioration in the sustainability of private companies and formal
00:15:40employment. According to a report by the Center for Argentine
00:15:44Political Economy, based on data from the Superintendence of
00:15:47Labor Risk, the formal closure of 31,342
00:15:50productive units was registered, which
00:15:54represents a contraction of 6.1%,
00:15:57reducing from 512,357
00:16:01to 481,015 employers. This business
00:16:05crisis led to the loss of
00:16:07434,126
00:16:10formal jobs, a reduction of the employment mass by
00:16:134.4%. Sectors such as industry and
00:16:17construction have accumulated consecutive declines and account for
00:16:2061% of the total loss. This contraction responds to
00:16:24fiscal adjustment policies, the fall in domestic demand due to the
00:16:28loss of purchasing power, the increase in tariffs, and imported
00:16:32openness. In this way, small and medium-sized enterprises with less
00:16:36liquidity have been the most affected, consolidating a recessionary
00:16:39scenario that compromises long-term productive viability.
00:16:42plazo.
00:16:48Given this panorama, the General Confederation of Labor recently held a
00:16:51massive mobilization towards the Secretariat of Industry in Buenos
00:16:55Aires to denounce the deterioration of the productive
00:16:58sector. Under the slogan "The Malvinas are Argentinian, national
00:17:02industry also." Workers demanded an end to the closure of companies
00:17:06and industries. For its
00:17:09union central criticized the import
00:17:12opening measures and the lack of credit from President Javier Miley and
00:17:16warned that his neoliberal policy generates massive deindustrialization
00:17:19that destroys the productive fabric and increases
00:17:22unemployment. This protest is part of a staggered
00:17:26mobilization scheme before evaluating a fifth general
00:17:29strike.
00:17:40Beyond the deterioration in the industrial sector, Miley's administration has
00:17:44advanced in its privatization plan, recently adding
00:17:47water services to the list of companies transferred to the
00:17:50private sector. Javier Miley's government has managed to take another
00:17:54step in its privatization plan, recently the economic
00:17:57offers for 90% of the share package of AySA (Agua y
00:18:01Saneamientos Argentinos) were announced, the company that provides
00:18:04potable water and sewers to 14 million users in Buenos Aires and
00:18:0826 districts of the Conurbano. When the award
00:18:12is finalized, the remaining administrative step, the company will be
00:18:15in the hands of a consortium led by local businessmen who will pay
00:18:19340.2 million dollars for it, almost
00:18:24executive expected to collect. We highlight that this
00:18:26is the largest operation of Miley's administration's privatization
00:18:30program.
00:18:31Miley.
00:18:38But that's not all, purchasing power in Argentina is experiencing a historic collapse,
00:18:41severely eroding the purchasing capacity of citizens at
00:18:45all socioeconomic levels. Let's review the data: the minimum
00:18:49vital and movable wage in Argentina collapsed by
00:18:5240.8% in real terms between November
00:18:552023 and September 2026. This sharp
00:18:59contraction in purchasing power, accelerated under the adjustment
00:19:02measures of Javier Miley's administration, has plunged
00:19:06the legal minimum income to a purchasing power level
00:19:09similar to that of April 2002, one of the periods of
00:19:15the country's recent history.
00:19:31We'll take a second break, please don't go, upon returning as part of our digital
00:19:35journey, we'll talk about Russia. will sell diesel to international
00:19:38markets without any problem, at least that's what the
00:19:42Kremlin says. I'll be back with the details.
00:20:13This date represents the living memory of the indigenous peoples of Latin
00:20:17America, who have faced centuries of dispossession, exclusion, and
00:20:20violence, but have also resisted with strength, wisdom,
00:20:24and dignity. It is a day to honor their cultures, their
00:20:28languages, their worldviews, and their struggles for land,
00:20:31justice, and autonomy. Recognizing their
00:20:34history is recognizing the deep root of our
00:20:38Latin American identity woven with diversity, resilience,
00:20:42and community spirit. Niukanci Cosaita Monaiko.
00:20:45We love our life in the Quechua
00:20:47language.
00:20:50October, Indigenous Resistance
00:20:51Day,
00:21:01join the Telesur Telegram channel and receive the most
00:21:04relevant news and analysis from Latin America and the world
00:21:07on your mobile, with the depth that our multiplatform
00:21:11offers you. Scan the QR code to stay informed
00:21:1424
00:21:15hours a day.
00:21:50We are back in economic impact, we are going to start, if you allow us, our digital tour and we
00:21:53do it with Sputnik, a portal that offers us the following headline:
00:21:57Russia will sell diesel to international markets without any
00:22:00problem. Kremlin spokesman Dmitry Peskov informed
00:22:04that Russia will sell its diesel without problems thanks to the enormous
00:22:08global demand, due to the high international interest, and in
00:22:11reference to the question of whether any country had already requested Russian
00:22:15diesel after the lifting of export restrictions, Peskov indicated that it
00:22:18is not mandatory since sales are made
00:22:22through independent
00:22:23traders.
00:22:31We move on to TV BRICS which informs us that the energy storage market in
00:22:34India could multiply by almost
00:22:3748 by 2032. According to official
00:22:40data, the total capacity of these systems
00:22:44will increase from 6.3 GWh in fiscal year
00:22:472026 to 302 GWh by
00:22:502032, which would mean multiplying by almost
00:22:5448 the current level. In turn, the annual increase in capacity
00:22:58could go from 5.7 GW to 56
00:23:01GW, and the annual growth rate of the sector could
00:23:04reach 91%. For its part, the Central Electricity
00:23:08Authority of India stated that the country's needs
00:23:11for battery energy storage will reach
00:23:15236 GWh by 2032 and
00:23:18will reach 1840
00:23:21GWh by
00:23:222047.
00:23:32We conclude our digital tour by visiting the Telesur website, which informs us
00:23:36that Brent crude exceeds $105.
00:23:39Brent crude, the most relevant benchmark for global
00:23:42prices, increased by up to 3% on Sunday and
00:23:46surpassed $105 per barrel by October 9.
00:23:50The price approached $104, remaining at
00:23:54historically high levels that pressure the economies of the dependent
00:23:57Global South, and last week, attacks against tankers crossing
00:24:01the Strait of Hormuz reached their highest level since the beginning
00:24:05of the conflict between the United States and Iran. These increases
00:24:08show signs of continuity given the prolonged conflict in West
00:24:12Asia and the volatility of transit through the Strait of
00:24:15Hormuz.
00:24:27Let's review the oil indicators. At the beginning of today's session,
00:24:30West 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
00:24:41in Europe, its price was set at
00:24:44$105.98,
00:24:47an increase of $1.27.
00:24:50Finally, I tell you that the crude oil averaged by OPEC registered a price of $110.81.
00:25:13And so we reach the end of this broadcast, as always, thank you for having started your
00:25:17company, well, sorry, your week with the best company. That of
00:25:20Telesur, my name is Daniel Rosas, I say goodbye for now, but we'll see you soon with more economic
00:25:23impact, please continue with our signal,
00:25:42decisions that drive social changes,
00:25:45consequences that transform lives, stories that
00:25:49leave a mark. We show you the world and
00:25:52its
00:25:53realities.
00:25:59Let's go immediately to live images, we told you that there is
00:26:03an event today at FAO in the World
00:26:06Food Forum, at this moment the opening
00:26:09words of seeds, food, we saw how
00:26:12global diversity for food and agriculture and seeds
00:26:16preserved and exchanged between generations become
00:26:19the food that we put on our
00:26:22tables, the exhibition allows
00:26:26participants to experience how inputs, production
00:26:29systems, processing, markets, and consumption are connected, and how
00:26:32innovation and knowledge
00:26:36determine every step along the way.
00:26:38In the science and innovation
00:26:41forum, innovators,
00:26:44researchers, and young entrepreneurs will show us how
00:26:48artificial intelligence, digital tools, and
00:26:51cutting-edge science
00:26:53can accelerate solutions that we couldn't have imagined
00:26:57a few years ago. In the investment forum, hand
00:27:01in hand, we will bring together
00:27:05governments, investors, and partners around
00:27:08concrete investment opportunities in agrifood systems. Investment is what allows
00:27:12innovation to go from concept to large scale,
00:27:15connects producers and markets, strengthens value
00:27:19chains, and converts national priorities into lasting
00:27:22transformation. We have
00:27:25already 7,880
00:27:29million
00:27:31committed, and they are being negotiated,
00:27:34and the repercussions are beginning to become a reality. In the
00:27:38Rome water dialogue, we will
00:27:41address one of the most important issues of our
00:27:45times: how to manage, share, and protect water for food,
00:27:49people, and the planet. At the global
00:27:52center for indigenous food systems, we
00:27:55will work with the knowledge and traditions
00:27:59that indigenous peoples have passed down for generations,
00:28:02knowledge that holds the
00:28:05answers to sustainability
00:28:08problems that
00:28:10only now modern science is
00:28:14rediscovering. Also, the youth
00:28:17action forum will allow
00:28:19us to remember that the
00:28:22future is what young people are already building today,
00:28:26ladies and gentlemen, dear friends, dear
00:28:29colleagues, I firmly believe that
00:28:32we can accelerate progress in the transformation
00:28:35of our agrifood systems if we invest in conditions
00:28:39that allow innovation to take root, grow,
00:28:42and have an impact. Above all, we must invest in
00:28:46people, in human capital, especially in young people and
00:28:50young women, because they are the future, they are the ones
00:28:54who get things done, they are also the investors and the leaders
00:28:57of the future. The office for youth
00:29:01and women from FAO is working with members
00:29:04and partners to strengthen infrastructure dedicated to
00:29:08youth around the world, from FAO headquarters in
00:29:11Rome to countries and the field,
00:29:14what are the
00:29:18uh policies and
00:29:20the data, the networks and the opportunities that allow each
00:29:24generation to enter into the agri-food systems, contribute to them and
00:29:28progressively take over the
00:29:31reins. This is how we enable continuous
00:29:35generational renewal. We also
00:29:38invest in physical infrastructure because this
00:29:41generates productive assets
00:29:43and for that we have to
00:29:47invest in infrastructure
00:29:50for youth. This infrastructure has
00:29:54begun to take root here in Rome and is increasingly translating into
00:29:57actions at the country, community and
00:30:03Food Day has expanded to more than 100
00:30:06national youth chapters. In 2026
00:30:09we also brought the World Food Forum closer to the regions
00:30:13with regional platforms that
00:30:16worked to connect young people, young people, science and
00:30:20innovation in line with regional priorities and realities
00:30:23also through the influence of people who know the
00:30:27agri-food systems best.
00:30:30That is what it means to innovate today to nourish tomorrow.
00:30:34We have to build not only the solutions we need now, but also the
00:30:37infrastructures, institutions, opportunities and what
00:30:41generations will need to transform the
00:30:44agri-food systems in the future. The scale of the challenges
00:30:47we face requires us to work together, to
00:30:51all contribute. Partnerships
00:30:53are key to success. We need stronger
00:30:57partnerships that turn science.