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Judge Orders Bail for Accused Jet Bomber

A federal judge Friday ordered Cuban militant Luis Posada Carriles set free on bail pending trial on charges that he lied in a bid to become a U.S. citizen. Posada, 79, is wanted in Cuba and Venezuela on charges that he was in Caracas when he plotted the deadly 1976 bombing of a Cuban jetliner.

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Venezuela Proposes Organization of Gas Exporting Countries

A gas cartel among gas producing countries, similar to OPEC for oil exporting countries, is on Venezuela's agenda during this week's Gas Exporting Countries Forum (GECF) in Doha, Qatar. Many gas-exporting countries have expressed interest, but the U.S. Congress has criticized the idea saying that the creation of a cartel would be seen as a "deliberate threat."

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New Report Raises Doubts about IMF Growth Projections on Venezuela and Argentina

On the eve of the IMF/World Bank Spring Meetings, a new paper from the Center for Economic and Policy Research raises serious concerns about IMF projections for Argentina's GDP growth since 1999 and Venezuela's since 2003.

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Venezuela Responds to US Human Rights Report

Venezuela’s Ambassador to the U.S. said he was "not surprised" by a new report from the US State Department condemning the human rights situation in Venezuela. The report, released yesterday, claimed that Venezuela is "isolated" from the democratic norm in the hemisphere.

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Venezuela's PDVSA Boosts Bond Offer to $7.5 Billion

Venezuela's state-owned oil company, Petroleos de Venezuela SA, boosted its sale of bonds by 50 percent to $7.5 billion, making the transaction Latin America's biggest corporate bond sale ever.

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Venezuela Launches Agricultural Development Plan

Agrarian Socialism is the goal of the Venezuelan government's new Integral Agricultural Development Plan 2007-2008, announced the vice-minister of Agro-productive Circuits Tatiana Pugh.

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Venezuela’s Monthly Inflation Drops to Lowest Level in 19 Years

The anti-inflationary policies of the Venezuelan government have lowered the inflation rate for March, according to an announcement made by President Hugo Chávez yesterday. The final rate for the month of March was - 0.7%, the lowest in 19 years, thanks to government policies such as the reduction of the value-added tax.

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Former Opposition Governor Escapes from Venezuelan Prison

The ex-Governor of Venezuela’s Yaracuy state, Eduardo Lapi, escaped from prison in the early morning hours on Sunday. The former opposition governor was being held on charges of corruption since May of last year.

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Venezuela and China Strengthen Strategic and Economic Alliance

Venezuela is currently selling approximately 200,000 barrels of oil per day to China, announced the Chinese Ambassador to Venezuela yesterday. This figure is expected to increase to 300,000 barrels by the end of the year. Also, the two countries set up a joint investment fund of $6 billion.

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Venezuela to Introduce Local Currencies

Venezuela’s President Hugo Chavez said yesterday that his government would like to introduce local currencies in communities, so as to help their development and to alleviate poverty. Local currencies would allow people to exchange goods and services without needing the national currency to enable such transactions.

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Venezuela Lets In Canadian Mining Company

Gold Reserve Inc. stunned a skeptical market yesterday after winning a key permit to mine a significant gold-and-copper reserve in Venezuela. The company's long-term plan will be hashed out with the help of a non-governmental organization and area residents.

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Telecom Minister: New Channel Will Be First True Public TV in Venezuela

Venezuela’s Telecommunications Minister, Jesse Chacón, said today that the TV channel that will replace RCTV, whose broadcast license expires May 27, will be the country’s first true Public TV channel, modeled after European TV.

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Venezuela’s Electoral Council Initiates 19 Additional Recall Procedures

Venezuela’s National Electoral Council approved requests to initiate recall procedures against 19 more elected officials. Also, the Council announced that signatures in support of recall referenda will be collected June 16 to 18.

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Chavez Denounces Effort to Give Venezuelans Political Refugee Status in the U.S.

Five Representatives of the U.S. Congress asked President Bush to give temporary legal status to Venezuelan immigrants in the U.S., claiming that "there exists a dictatorship in Venezuela." President Hugo Chávez responded yesterday, accusing the United States of developing an international campaign against him.

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Chavez Announces Takeover of 16 Estates for Venezuela’s Land Reform

Sixteen landed estates will be expropriated for Venezuela’s land reform program, announced President Hugo Chavez yesterday, during his television program Alo Presidente. The total area of land that will thus become available for redistribution to peasants and agricultural cooperatives will exceed 330,000 hectares.

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