End of preview - This article contains approximately 810 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Caribbean & Central America - February 2015 (ISSN 1741-4458)
DOMINICAN REPUBLIC: Paying off Petrocaribe debt
The government led by President Danilo Medina has paid off 98% of its debt to Venezuela’s state-owned oil firm, Petróleos de Venezuela (Pdvsa), (which exceeded US$4bn), incurred under the Petrocaribe concessional oil provision scheme, thanks to a debt renegotiation agreement. The deal comes as Venezuela’s chronic economic crisis continues to deepen due to the crash in international oil prices, with renewed speculation that the Venezuelan government led by President Nicolás Maduro may seek a general renegotiation of Petrocaribe’s terms or even move towards terminating the scheme altogether in the near future. The DR’s move looks like an attempt to prepare for either of these scenarios.
- Haiti - new government, same problems
- TRINIDAD & TOBAGO: Stormy end to Persad-Bissessar’s 5-year term
- JAMAICA: Some good news for Jamaica
- CARIBBEAN POINTERS
- DOMINICAN REPUBLIC: Paying off Petrocaribe debt
- CUBA: US firms jumpstart the big thaw with Cuba
- EL SALVADOR: New gang truce struck: what are the prospects?
- PANAMA: Going after Martinelli
- GUATEMALA: Pérez Molina trumpets security gains
- COSTA RICA: Challenging times for new security minister
- ECONOMIC OVERVIEW: COSTA RICA
- NICARAGUA: Ortega breaks protocol over Puerto Rican independence
- HONDURAS: Hernández gov’t pushes congress over PMOP
- Drought continues to wreak havoc in Central America