Analysis of Venezuela's Petroleum-led Foreign Policy

Submitted by fyl on 27 July, 2008 - 12:23.
The Jamaica Gleener had an article called PetroCaribe, spreading influence and cheap credit:Upside, downside risks of Venezuela's oil-led foreign policy written by David Jessop, director of the Caribbean Council. There is quite a bit of good information and analysis in the article. The last paragraph says
Traditionally, Caribbean relations with Latin neighbours have not been easy. The implications and value of the positive and central role that Venezuela is playing underwriting almost all Caribbean economies needs to be better understood by those outside of the region, as do the downside economic risks by those who benefit from the PetroCaribe arrangement.
‹ Morales Wins Recall Food Helps Fight Drug War ›
( categories: )

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

This shows you the difference

Submitted by bluewater on 27 July, 2008 - 15:44.

between the transparent use of the funds and the black hole philosophy of the Ortegistas. The funds in Jamaica were budgeted, and used transparently, in Nicaragua per the article they were to build the refinery. Gosh, where are the design drawings? Where are the environmental studies? Where is the feasibility plan, much less waste water treatment and solid waste disposal plan?

I really hope I am wrong but it looks like the money for the plant is not being used as promised.