By Federico Fuentes - Green Left Weekly, Jul 21st 2014
Federico Fuentes examines the debate underway within Chavismo over the Bolivarian project’s economic direction following the public criticisms of the Maduro administration’s policies made by former planning minister Jorge Giordani.
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.
In this interview,the director of Venezuela's Central Bank discusses Argentina's "vulture fund" dispute. Tovar also outlines the latest efforts at creating an alternative finanancial architecture for Latin America, such as the Bank of the South and the Sucre currency.
By Z.C. Dutka - Venezuelanalysis.com, Jul 9th 2014
Cuban economist and ex-guerilla combatant Orland Borrego, who fought alongside Che Guevara during the Cuban revolution, will be advising Venezuelan president Nicolas Maduro on how to establish a “total re-structuring” of the Venezuelan economy.
While planning macroeconomic reform in a bid to stabilise the economy, Venezuelan authorities are attempting to tackle problems in key economic areas such the supply of goods, labour, and international air travel.
The Organization of American States (OAS) has declared its solidarity with Argentina in its debt repayment dispute with a U.S.-based hedge fund. Venezuela meanwhile has argued that the case underlines the need for a new regional financial architecture.