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Andean Group - July 2005 (ISSN 1741-4466)
Chávez defends accessing central bank reserves
Venezuelan legislators gave initial approval to a bill that would allow President Hugo Chávez to access up to US$5bn in reserves held by the central bank and use it for government spending or paying off debt. Critics of the bill argue it will increase inflation and leave Venezuela with fewer reserves to defend the value of its currency and make foreign debt payments, particularly if the oil price starts to decline.
- New president faces same old problems
- Cusco confronts government over coca
- Coca acreage down, for now
- Paramilitary legislation passes; re-election in doubt
- Coca production on the rise
- Palacio sets out his plans
- Relations with Colombia deteriorate after Farc attack
- Castro visits as Chávez threatens to break ties with US
- Chávez defends accessing central bank reserves
- Rumours of unease in the military grow