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View Full Version : PetroCaribe explanation request



NewsWhore
12-07-2006, 02:10 PM
PRSC Presidential pre-candidate Eduardo Estrella is asking the government to explain what it has done with the funds resulting from the Petrocaribe agreement signed with Venezuela, calculated at more than US$400 million. As reported in today's Hoy, Estrella said that the government is taking on debt for US$4 to US$5 billion as a result of the credit facilities under PetroCaribe over the next four years. Estrella said that while these are soft loans, the problem is that where the money can be used is not specified, so it is left up to government discretion.

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