Administrative and structural reform efforts in Venezuela/CO

Discussions regarding structural and administrative reforms have emerged in Venezuela and Colombia. In Venezuela, experts have proposed simplifying administrative processes through technological integration and database cross-referencing between entities like Seniat and Saren to reduce the costs and time required for business formalization.

In Colombia, the Instituto de Ciencia Política (ICP) has advocated for a profound state reform to address economic challenges. The ICP suggests moving toward a modern, limited state focused on sovereign functions such as justice and security, while utilizing the private sector for service provision to combat economic informality.

Focusing specifically on Venezuela, proposals have also been made regarding the electrical industry. Engineer José María de Viana suggests that a full recovery of the sector could take three to five years and requires a structural overhaul. This proposed reform includes decentralizing the sector, opening the market to international private participation through public tenders, and seeking advisory from multilateral organizations like the World Bank, the IMF, and the Inter-American Development Bank.