Tell us what it's going to take for you to return to Guyana.

Wednesday, October 03, 2007

Venezuela to write off Guyana debt......AND?

Something is missing from this article. Gee I wonder what it IS!!!

We need to take care of our territorial problems with Venezuela. What happened to those hints that Venezuela might drop the claim in the "spirit of socialism"


Venezuela to write off Guyana debt
Published on Wednesday, October 3, 2007

GEORGETOWN, Guyana (GINA): Guyana will soon benefit from a US$12.5 million debt write-off by Venezuela after the agreement is finalised later this week. This is one of the issues that was flagged for resolution during a State visit by the President of Venezuela Hugo Chavez in 2004. At that time, Chavez indicated his intention to cancel 100 percent of Guyana’s then outstanding debts to Venezuela.

Minister of Finance Dr Ashni Singh and the newly accredited Venezuelan ambassador to Guyana Dario Morandy
Guyana's Minister of Finance Dr Ashni Singh on Monday received a courtesy call from Dario Morandy, the newly accredited Ambassador of Venezuela to Guyana. The Minister welcomed the Venezuelan envoy to Guyana and expressed satisfaction at having the opportunity to discuss bilateral co-operation issues with him.

A team of Guyana government officials is scheduled to meet with their Venezuelan counterparts, in Caracas, on October 4 and 5, 2007 to conclude a debt cancellation agreement, under which Guyana stands to benefit from a 100 percent write-off of its outstanding debt of some US$12.5 million. This amount represents the balance of a US$15 million debt contracted in 1974 with the Venezuelan government.

Singh expressed gratitude to the Government and people of Venezuela for providing the opportunity to bring closure to this outstanding debt issue and informed the ambassador that as a result of this gesture, Venezuela would become the fourth Non-Paris Club creditor to provide Guyana with a 100 percent debt write-off – the others being China, India and Cuba.

Also discussed was the Venezuelan proposal to finance the construction of a shelter for homeless persons. Morandy informed the Minister that the Venezuelan authorities have already approved funds to construct this building and further indicated that this issue would be concluded when the representatives of the two governments meet in Caracas later this week.

1 comment:

Lapa said...


Él, también, ha traducido a portugués la abundancia de naciones por Adán Smith.

Lhe han concedido varios premios.

No olvidarte del nombre de este gran autor, tú oirá hablar de él pronto.

Gracias por tiempo del gasto en cultura universal.

Agradece por visitar.