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Maduro aims to boost oil prices - on China/OPEC tour

CARACAS, January 5, 2015 - Venezuelan president, Nicolas Maduro on Sunday said he would begin a world tour to try to stem the impact of declining oil prices on his country’s economy. He will also attend the meeting between China and representatives of the Commonwealth of Independent States Latin American and Caribbean States (CELAC).

Guyana seeking to resolve border dispute with Venezuela

GEORGETOWN, Guyana, December 22, 2014- Guyana is considering a number of options to resolve the border dispute with Venezuela, with the aim of making a firm decision during next year, Foreign Affairs Minister, Carolyn Rodrigues-Birkett announced on Monday.
  • Published in Diaspora

10 Achievements of the ALBA Alliance in 10 Years

The Bolivarian Alliance for Our Americas, ALBA, was born 10 years ago as an alternative to neoliberal free trade agreements. 1. ALBA has produced tens of thousands of doctors Through the Latin American School of Medicine campuses in Cuba and Venezuela, ALBA has produced some 21,075 doctors and 1,590 medical specialists. Through the Miracle Mission, more than 3 million people have undergone surgery to have their eyesight improved or recovered at no cost. 3. Almost 4 million people have learned to read through ALBA supported programs Using the "Yes I Can" teaching method designed by Cuba, a total of 3,815,092 people have become literate in the region through ALBA supported programs. UNESCO has declared ALBA members Antigua and Barbuda, Bolivia, Cuba, Nicaragua and Venezuela as “Illiteracy-Free Territories.” 4. ALBA countries pledged $2.42 billion in aid to Haiti after the 2010 earthquake Just after the devastating quake, ALBA also set up five camps with comprehensive care, which housed 3,455 families, provided 55,939 medical consultations and administered 5,904 vaccinations. 5. ALBA sent over 100 tons of supplies to Gaza after the Israeli-Gaza war this summer The Venezuelan people sent 56 tons of humanitarian aid, while Ecuadorians contributed 48 tons and Cuba sent six tons of aid to Gaza following Israel’s deadly offensive against the occupied strip, dubbed Operation Protective Edge. These shipments included tents, non-perishable food items, water, clothes and medical supplies. 6. ALBA games have set new athletic records In 2005, the ALBA Athletic Games were set up to promote physical activity and solidarity among peoples. In the 4 competitions convened so far, a record 10,532 athletes have competed. 7. Four ALBA countries have been declared free from hunger by the United Nations Grenadines, St. Vincent, Venezuela and Cuba have been declared hunger-free by the Food and Agriculture Organization (F.A.O) of the U.N. Nicaragua, Bolivia and Ecuador have also made significant progress in this area. 8. ALBA has developed an alternative currency to break dependency on the U.S. To date, 5,657 transactions totalling US$2.5 billion have taken place using the SUCRE. The currency was developed by ALBA so that international trade would not depend on U.S. currency and exchanges. In the first half of 2014, 76 percent of those trading using the SUCRE were private enterprises and 24 percent represented the public sector. According to its founding document, “the cardinal principle that should guide the ALBA is the widest solidarity between the peoples of Latin America and the Caribbean ... without selfish nationalism, nor restrictive national policies that deny the objective of building the greater Homeland (Patria Grande) in Latin America.” As such, trade between members is done at preferential, non-market rates and payment can be made through goods as well as through payments over a period of time at lower-than-market interest. 10. ALBA is growing In the last 10 years, the bloc has grown tremendously. It has expanded from its two signing partners in Cuba and Venezuela to include Antigua and Barbuda, Bolivia, Dominica, Ecuador, Nicaragua, Saint Lucia as well as St. Vincent and the Grenadines. Suriname and Haiti are also slated to become members. Read More: ALBA Nations Prepare Action Plan to Tackle Ebola ALBA Cultural Center to Open in Ecuador Italy Seeks to Form an Organization Akin to ALBA ALBA Leaders Reject US Interference as Summit Concludes

Venezuela: US Sanctions Give Free Rein to Right-Wing Violence

CARACAS, Venezuela, December 20, 2014 - Venezuela’s Minister for Foreign Affairs, Rafael Ramirez, has described recently passed U.S. sanctions against the country as sending a message to violent right-wing groups that they can operate with impunity in Venezuela.

Maduro Rejects Obama's Signing of Sanctions

December 19, 2014 - Venezuelan president Nicolas Maduro rejected on Thursday sanctions now signed by U.S president Barack Obama this afternoon. The legislation was passed by U.S. Congress last week, authorizing sanctions against Venezuelan officials.

Cash-strapped Venezuela to sell PetroCaribe debt?

CARACAS, Venezuela, December 5, 2014 — Venezuela is considering raising money for its cash-strapped economy by by selling part of its accounts receivable associated with its PetroCaribe oil supply program at a steep discount and securitizing US$7 billion it is owed by Jamaica and the Dominican Republic, under the deal.
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