International Monetary Fund (IMF) Managing Director, Spanish Rodrigo Rato, recommended Tuesday the Venezuelan government to think about keeping the investment climate in the event of proceeding with the nationalizations announced last week by President Hugo Chávez, AFP reported.
 
"We would advise the Government on keeping steady investment conditions," Rato answered during a press conference when asked about the Venezuelan government decision to nationalize the power and telecommunications sectors.

"Should the government resolve to shift the ownership of the production means, it is right, as far as we are concerned. Clear enough, it should be an orderly process," the top official explained and declined to issue an opinion on the move before being acquainted with the particulars.

"If the government resolves to shift ownership of some production means, then the investment climate should be a priority for authorities," Rato insisted on saying. However, he did not request expressly compensation for the targeted companies.