Venezuelan writer Luis Britto Garcia discusses the massive impact Chinese investment has had on recent Latin American development, while calling for strict outlines to be drawn to protect Venezuelan sovereighnty in the midst of heightened negotiation.
President Maduro announced that China has agreed to invest 20 billion dollars in Venezuela following the China- Community of Latin American and Caribbean States (CELAC) meeting in Beijing. Venezuelan officials hope that increased Chinese investment will offset some of the shortfalls in the Venezuelan economy due to decade-low oil prices.
Last Thursday, the second annual meeting of the cultural ministers of the Community of Latin American and Caribbean States (Celac) was held in Caracas. 33 member states met to discuss their objective of fomenting cultural activity as a medium for social development.
Venezuela participated in the gathering of the BRICS emerging powers and Latin American regional blocs in Brazil this week, where new agreements were hailed as beginning the creation of a new global financial architecture.
Venezuelan President Nicolas Maduro has told the United States to “swallow” its criticism of the Community of Latin American and Caribbean States’ (CELAC) summit, after the U.S. accused the CELAC of “betraying democracy” by supporting Cuba.
Venezuelan president Nicolas Maduro has pledged to “strengthen” the Community of Latin American and Caribbean States (CELAC), after representatives of the organisation met in Caracas this week to discuss strategies to tackle poverty and improve education and healthcare in the region.
The signing of twenty-seven new economic and social agreements between the nations of South America and Africa was the product of three days of meetings held between representatives of more than 60 countries in Equatorial Guinea last week.
The recently formed Community of Latin American and Caribbean States (CELAC) met last weekend with the European Union (EU) for a Business Summit, before holding its own annual summit over Sunday and Monday.