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Weekly Report - 10 January 2013 (WR-13-01)
REGION: Concern over Petrocaribe’s future grows
Jamaica’s Prime Minister Portia Simpson-Miller joined representatives of the governments of Jamaica and Venezuela, and other diplomats, for a church service in Kingston to offer prayers on behalf of President Hugo Chávez on 6 January. “In times of great economic challenges, Venezuela stood firmly with Jamaica and gave us great assistance through the Petrocaribe programme,” she said. The same sentiments are being echoed across the Caribbean. The impact on the budgets of Caribbean states already reeling from the adverse global economic scenario would be very serious if the Petrocaribe oil initiative, which supplies fuel under preferential terms, was wound up in a post-Chávez world.
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