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British Journalists Pledge Support for Venezuela's Bolivarian Revolution

Britain's journalists pledged support yesterday for the Bolivarian Revolution with a near-unanimous vote to "build solidarity with the new progressive media in Venezuela, such as Vive, Telesur, Avila, Aporrea, VenezuelAnalysis and Diario Vea."

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Venezuela’s Chavez and Bolivia’s President Morales Inaugurate Medical School

Venezuela’s President Chavez and Bolivia’s President Evo Morales inaugurated a new medical school, on Sunday, outside the Venezuelan capital of Caracas, which will train doctors in community medicine.

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Venezuela's Chávez Announces World Bank Debt Has Been Paid Off

President Hugo Chávez Frías, announced this Friday that Venezuela paid off the debt that it owed to the World Bank, during a ceremony that was held around the Presidential Palace of Miraflores, to commemorate the 13th of April of 2002, the day when a civic-military rebellion restored the constitutional order in Venezuela.

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Venezuela and Its Neighbors Reject IMF Report

Venezuela, along with other countries of the region, rejected the latest report by the International Monetary Fund on the economic growth of the region. The recent report released by the fund predicts that Latin America will not grow as much in 2007 as it did in 2006.

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Venezuelan Government Issues Offer for Majority Stake in National Telecom

The Venezuelan government made an offer this week to buy the remaining stocks of the national telephone company CANTV. By buying the majority of the shares in the company, the government will return the company's control to the state.

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Venezuela Graduates First Cohort of Doctors for Acclaimed Health Program

Venezuela’s community health program Barrio Adentro made important strides yesterday with the graduation of the first group of Venezuelan doctors from the Cuban system of General Integral Medicine.

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Venezuela Requests Extradition of Coup Leader Pedro Carmona

The Supreme Court of Venezuela approved a request for the extradition of Pedro Carmona Estanga from Colombia yesterday. The request was made in order to try Carmona for his involvement in the April 2002 coup attempt against Venezuelan President Hugo Chávez.

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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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