Opening

Welcome to the two days, and what the group has come to Caracas to decide.

WithIván Rebolledo

The World in 2040 and the Role of Venezuela 2040

How the global economy looks in 2040 — the industries that correct and the arenas that open — and where Venezuela could sit in it, followed by open questions.

Presented byMcKinsey

Investing in Venezuela

What it takes to commit capital to the country today: the legal framework, the sanctions picture and the practical route in.

Venezuela 2040 Working Group Session

Members prioritize the long list of growth enablers on impact against ease of implementation. The result sets the group's agenda for the next twelve months.

Closed Lunch

A closed lunch with institutional guests — or, alternatively, a working session to draw the conclusions of the morning.

Institutional Visits

A selected group of members takes the group's questions directly to the institution: a visit to SENIAT, or alternatively to the CIIP.

Networking Cocktail Reception

Members, fellows and guests meet informally at The Rocks Caracas.

Welcome

The public day opens, with a virtual intervention from Washington on how Venezuela sits on the U.S. agenda.

WithDiego Area · virtually, Rep. Gregory Meeks (D-NY-5)

Presentation of the Venezuela 2040 Working Group

What the group is, how it works, and what it has produced in its first year — presented by the companies that sit on it.

WithFrancisco Garrido and member companies

Fireside Chat: Envisioning the World in 2040

A short conversation on the forces that will shape the next fifteen years, and what they mean for a Venezuelan economy that has to diversify.

WithFrancisco Garrido · Eduardo Rodríguez (Partner, McKinsey Colombia)

Panel 2 · The Rules of the Game: Institutions for the Venezuela of 2040

Which institutional rules investment actually depends on, and which of them would have to change first.

WithMichael Penfold

Lunch · Navigating Washington, DC

A closed, virtual session on how Washington reads Venezuela today and what moves policy there.

WithDiego Area · virtually, Joel Hirst (Senior Foreign Policy Advisor, U.S. Senate)

Panel 3 · Those Who Already Placed Their Bets

Companies already operating and investing in Venezuela on what the decision cost them and what they have learned.

WithModerator Alberto Blohm · Carlos Ugueto · Andrés Simón González Silen (CEO, Venemergencia)

Panel 4 · Oil for Growth: Energy as the Engine of Diversification

How energy revenue can finance a wider economy rather than repeat the cycle that produced the current one.

WithModerator Paul Angelo (McLarty Associates) · Santiago Fontiveros

Closing

What the two days produced, and what the group commits to next.

Networking Cocktail

Members, speakers and guests close the day together.