[Marxism] AP/MH: Venezuelan funding to Latin America

Walter Lippmann walterlx at earthlink.net
Wed Aug 29 06:17:32 MDT 2007


(Washington is bogged down with the massive costs of its failed wars
of conquest and occupation in Iraq and Afghanistan. There is not one
single Venezuelans soldier outside of the country's national borders.)

===========================================================================
HISTORIAN JANE FRANKLIN writes:
The article below offers some evidence about why Washington is determined to
overthrow the government of Venezuela and why the corporate media keep
telling us how Venezuela's economy is heading for disaster. On August 26,
The New York Times published a half-page, downright ludicrous article,
"Moving Clocks Ahead, Reaching Back in Time," continuing the Times view of
Hugo Chávez as a combination of clown and caudillo. The next day The Wall
Street Journal featured on its front page "Venezuelans Chase Dollars Amid
Worries Over Economy." Neither article presents this easy-to-read list of
some of the benefits Venezuela offers to Latin America.
Siempre,
Jane Franklin
http://ourworld.compuserve.com/homepages/jbfranklins
========================================================================

MIAMI HERALD
Venezuelan funding to Latin America
Posted on Sun, Aug. 26, 2007

http://www.miamiherald.com/915/story/215860.html

The Associated Press

Venezuelan President Hugo Chavez's government has pledged more than
$8.8 billion in aid, financing and energy funding in Latin America
and the Caribbean so far in 2007. Bandes is a Venezuelan state
development bank. Below is a list of pledges sorted by type.

ENERGY:

- $3.55 billion. Nicaragua: To build 150,000 barrel-a-day oil
refinery. (Source: Venezuelan Foreign Ministry, April 30)

- $1.6 billion. Estimated financing per year under preferential oil
deals to at least 17 countries. (Source: Chavez, March 15)

- $340 million. Nicaragua: Grants and loans to supply oil, nine
electricity generators. (Source: Venezuela government statement,
March 7)

- $240 million. Bolivia: Exploration of gas and oil fields. (Source:
Bolivian Hydrocarbons Ministry, Aug. 8)

- $170 million. Bolivia: To build two liquid natural gas extraction
plants. (Source: Venezuelan Foreign Ministry, April 30)

- $100 million. Nicaragua: To supply 32 electricity generators.
(Source: Chavez, Jan. 10)

- $89 million. Nicaragua: To build 120 megawatt electricity plant.
(Source: Venezuelan Foreign Ministry, April 30)

- $80 million. Haiti: To build 10,000 barrel-a-day oil refinery.
(Source: Venezuelan Foreign Ministry, April 30)

- $63.7 million. Jamaica: For state oil company to buy 49-percent
stake in Jamaican refinery. (Source: Jamaican Energy Ministry, May
18)

- $56 million. Haiti: To build 60-megawatt electricity plant.
(Source: Venezuelan Foreign Ministry, April 30)

- $30 million. Bolivia: To build diesel electricity generation plant.
(Source: Venezuelan Foreign Ministry, April 30)

- $28 million. Bolivia: To build thermoelectric plant. (Source:
Bolivian Hydrocarbons Ministry, Aug. 8)

- $8 million. Cuba: To build liquefied natural gas re-gasification
plant. (Source: Venezuelan Foreign Ministry, April 30)

- $5 million. Bolivia: Electricity-saving project. (Source:
Venezuelan Foreign Ministry, April 30)

- $4.7 million. Bolivia: To set up 15 service stations to distribute
fuel. (Source: Venezuelan Foreign Ministry, April 30)

- $4 million. Haiti: To build LNG re-gasification plant. (Source:
Venezuelan Foreign Ministry, April 30)

- $200,000. Ecuador: Donation of two drills for oil exploration.
(Source: Chavez, Aug. 9)

ENERGY FUNDING TOTAL: $6.369 billion

FINANCING:

- $1 billion. Argentina: Planned bond purchases, including $500
million in bonds purchased in August. (Source: Chavez, Aug. 7)

- $100 million. Bolivia: Planned purchase of Bolivian government
bonds. (Source: Cabezas, Aug. 2)

- $30 million. Nicaragua: Debt forgiveness. (Source: Chavez, Jan 10)

- $8 million. Guyana: Debt forgiveness. (Source: Rodolfo Sanz,
Venezuela's deputy foreign minister for Latin America and the
Caribbean, Aug. 9)

FINANCING TOTAL: $1.138 billion

DEVELOPMENT AID:

- $250 million. Fund to finance joint economic projects in region's
socialist-oriented countries. (Source: Venezuelan Foreign Ministry,
April 30)

- $150 million. Dominica: Funding for housing, airport upgrade,
scholarships. (Source: Chavez, Feb. 15)

- $135 million. Argentina: Bandes loan for Sancor dairy cooperative.
(Source: Venezuelan Finance Minister Rodrigo Cabezas, Feb. 22)

- $88 million. Nicaragua: Grants and loans for tractors, AIDS
treatment, sending 86 Nicaraguan athletes to sports tournament,
100,000 Hepatitis B vaccines, etc. An additional $2 million listed
below under humanitarian aid. (Source: Venezuelan government
statement, March 7)

- $30 million. Bolivia: Bandes capital for low-interest loans.
(Source: Bandes president, May 7)

- $25 million. Ecuador: Bandes capital for new branch to offer
low-interest loans. (Source: Bandes President Rafael Isea Romero, May
24)

- $21 million. Haiti: Fund to build homes, acquire unspecified
equipment and provide medical aid by supporting the work of Cuban
specialists offering health care to Haitians. (Source: Venezuelan
government statement, March 3)

- $20 million. Bolivia: Grants for local infrastructure projects in
health, schools, sports and other areas. (Source: Bolivian Public
Finance Minister Luis Arce, April 12).

- $20 million. Nicaragua: Loans for rural poor, health care and
education. (Source: Chavez, Jan. 10)

- $20 million. Nicaragua: Capital for Bandes branch for low-interest
agricultural loans. (Source: Bandes president, May 24)

- $10 million. Nicaragua: Funding for social projects. (Source:
Chavez, Jan. 10)

- $2 million. Guyana: Donation to build a homeless shelter. (Source:
Guyanese Foreign Minister Rudy Insanally, Aug. 2)

- $875,000. Bolivia: Computers to digitalize Bolivia's national
identification card system. (Source: Bolivian government
announcement, April 13.)

DEVELOPMENT AID TOTAL: $772 million

INFRASTRUCTURE:

- $350 million. Nicaragua: Donation to build Pacific-Atlantic
highway. (Source: Nicaragua Infrastructure Minister Pablo Fernando
Martinez, Jan. 22)

- $150 million. Bolivia: Asphalt plant. (Source: Venezuelan Foreign
Ministry, April 30)

- $57 million. Haiti: Funding to expand Port-au-Prince and
Cap-Haitien airports. (Source: Venezuelan government statement, March
3)

- $5.5 million. Bolivia: Funding for paving streets and other
improvements to poor neighborhoods in La Paz. (Source: Bolivian
government statement, July 14)

- $3 million. Haiti: Donation for garbage trucks. (Source: Chavez,
March 13)

INFRASTRUCTURE AID TOTAL: $565.5 million

HUMANITARIAN AID:

- $15 million. Bolivia: Donation for flood victims. (Source: Chavez,
Feb. 26 and March 2)

- $2 million. Nicaragua: Free medicine. Announced as part of larger
$90 million in grants and loans. (Source: Venezuelan government
statement, March 7)

- $1.5 million. Peru: Two planeloads of earthquake relief supplies,
with more planned. (Armando Laguna, Venezuelan ambassador to Peru,
Aug. 22)

HUMANITARIAN AID TOTAL: $18.5 million

MILITARY AID:

- $10 million. Bolivia: Funding to fix military barracks. (Source:
Bolivian Defense Minister Walker San Miguel, May 21 and 22).

MILITARY TOTAL: $10 million

TOTAL OF PUBLIC PLEDGES: $8.87 billion





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