Caracas,Venezuela, Feb 23,2007
(Chavez taking advantage of influence wth Nicaragua, Ecuador and Argentina. working on getting ALL of Latin America on his side.)
Using Venezuela's oil revenues (valued at more than 50 billion a year) to counter US influence and multi-lateral lending organizations like the International Monetary Fund.
Chavez has already agreed to forgive 30 milion in Nicaraguan debt, provide more than two dozen generating plants to alleviate an electicity shortage and will open an office of Venezuela’s development bank in Managua top offer low interest loans to small businesses. Venezuela is also considering building an oil refinery in Nicaragua and a pipeline across that country from the Carribean to the Pacific to transport Venezuelan crude oil to refineries in China and Japan, part of an effort to move away from exporting oil to the United States. (see more before answering)..
2007-02-26
03:11:55
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6 answers
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asked by
rare2findd
6