Many people would fold their hands and watch economic tides destroy a country, but not one heavy weight investor David Osio. He has been on the forefront to prose different measures to address external debt issues. They include adjusting the exchange rate, making foreign investments secure plus increasing gasoline. For the economy to run smoothly and benefit the citizens, Osio has also advocated for the restructuring of the debt. This will help evade the possibility projected by many international banks of Venezuela running into a default.
Although some countries still remain stable despite harsh economic times, flexibility is crucial. Osio explains the oil industry is diving into a state of liquidity crisis. He explains the lack of flexibility attracts a negative spiral which provides little or no guarantee in the future. Domestic production is thus affected because of collapse of the oil industry. Oil market decline impact is also projected to be severe. Urgent economic changes are thus expected to prevent Venezuela from becoming a defaulter.
Conflicting Economic signals
Economic stability of Venezuela is affected even by the international market. However, as David Osio would wisely caution, lack of reforms is attracting a crisis. This is because the international market cannot interpret correctly what Venezuela is up to. Osio, among other financial specialists at Davos Financial Group agree the willingness of the government must not be done solely. They advocate reforms must be implemented or the strategy will tend to be ineffective.
The economy is affected severely to an extent of attracting a default. Osio, however, interprets the response by the government to the illiquidity crisis as insufficient. He interprets seeking extra funding from China and slashing imports will not help a big deal to solve the real problem. According to Osio, the country’s economy would remain immune like Mexico or Columbia and remain immune to external shocks. However, poor economic policies stifle the possibility of market stability.
David Osio Background
As the President of Davos Financial Group, Osio has remained vocal in helping bring change in the economic world. He is associated with 14 companies which serve high end companies plus wealthy individuals providing reliable financial solutions. They focus on wealth management strategies, investment advisory, investment banking ideas, real estate solutions, trust services plus financial advisory solutions. Osio prides in diversifying the products to serve a wider market and still make clients satisfied. He also enjoys great partnership to consolidate efforts and bring massive changes in the economic world.