Venezuela Pays Off Part of World Bank Debt

[Judi Lynn]

July 11, 2006, 8:43PM
Venezuela Pays Off Part of World Bank Debt

© 2006 The Associated Press

CARACAS, Venezuela — Venezuelan finance officials said Tuesday that the South American country has paid off 70 percent of the US$220 million (euro173 million) it owed the World Bank.
(snip)

Since taking office, President Hugo Chavez has shunned traditional multilateral institutions in favor of regional lenders he finds less beholden to the U.S. government.

Criticizing the International Monetary Fund and the World Bank for demanding specific policy changes from developing countries in exchange for loans, he has pressed his oil-rich country to aggressively refinance its debts and pay off its loans.
(snip)

She added, however, that World Bank officials continue to work with the government on four new developments projects that could require US$200 million (euro157 million) in new loans. The projects would involve water and sanitation in urban and rural areas, environmental protection, improving conditions in slums and community development for indigenous groups.
(snip/...)

http://www.chron.com/disp/story.mpl/ap/fn/4040753.html

[Greeby]

1. Bet Wolfy is having a fit

:evilgrin:

[Vidar]

2. Viva Chavez!

[w4rma]

3. Jeeze. He's running that country extremely well. (nt)

[saigon68]

4. EVERYONE WHO FILLS UP THEIR TANK TODAY

IS HELPING HIM PAY HIS DEBT

and making Cheney richer than Croesus


http://www.allaboutturkey.com/croesus.htm

[Joanne98]

5. Fill up at CITGO!

[saigon68]

6. Been there--- done that

[saigon68]

9. NOT ANY MORE

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x2384302

[cprise]

10. Wrong.

read the article.

[saigon68]

11. I read the article what is your POINT?

As a result, the Citgo brand will disappear entirely from 10 states and be less common in four additional states by March 2007, when the change goes into affect, Citgo spokesman Fernando Garay said Wednesday.

The impact on affected Citgo-branded stations will depend a lot on local market conditions, said John Eichberger, director of motor fuels at the National Association of Convenience Stores, a trade group that represents independently owned gas stations.

[Imperialism Inc.]

12. I think maybe the point was, it depends on the state you are in.

Not all Venezuelan gas is off market. The other 36 states will presumably continue as normal.

I'm just guessing.

[stepnw1f]

7. Look How Quickly He Has Turned His Country Around

Hey rightie.... still calling a Democratically elected President who helps his people a dictator? That's because you don't know the difference, even though you have installed a prime example of one. Duh.... spin, spin, spin... Duh!

[leesa]

8. Oh boy...the slaves are slipping their shackles...time to bomb.