Previous Story
Chavez could have financed $ 170 000 million to his allies
Posted On 16 Jan 2013
Hugo Chavez
According to an investigation carried out by politic analysts and members of the opposition, the president of Venezuela, Hugo Chavez could have bought loyalties through agreements and alliances. Now not only the chavistas who pray for the recovery of the president are worried, there is much more at stake, since several interests depend on his health.
Investigations revealed that the countries most linked to the fate of Chavez are Nicaragua and Cuba, which have received millions of dollars in contributions, long-term loans and cheap oil prices. Critics maintain its position that the president has tried to buy loyalties to counter the U.S. influence in the region.
According to the opposition leader and current governor of Miranda, Henrique Capriles, Chavez’s government has given around $ 170 billion to other countries, without considering the problems in Venezuela. While Chavez has insisted that such economic ties with Cuba and other allied countries are purely financial.
In 2004, when Fidel Castro and Hugo Chavez launched the ALBA treaty, they signed a strategic plan. In December 2011, a cooperation of agreements of $ 1,600 million in agriculture and trade was registered. Moreover Chavez is the most powerful political ally and financial supporter of Bolivia’s President Evo Morales who has been assisted to finance its health program “Operacion Milagro“, which is developed by Cuba. It has also received support in the literacy program “Si puedo” and the presidential program “Bolivia cambia, Evo cumple“, which gives money to mayors and unions, and has received $ 214 million in 2010. According to information provided by the Central Bank of Bolivia, the country owes Venezuela $ 760 million versus the $ 5.2 million it owed in 2005.
When Nicaragua joined the Bolivarian Alliance for the Americas (ALBA) it established an oil agreement and after the implementation of an investment plan, the payments collected surpassed the $ 2,000 million, which have been given to the country since 2007.
