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Venezuela Cancels Haiti's Debt

The President of the Bolivarian Republic of Venezuela, Hugo Chavez announced on Monday, January 25, that the Venezuelan government will forgive any Venezuelan debts  held by Haiti.

During a meeting of the Political Council of the Bolivarian Alliance for the Peoples of Our America (ALBA), the Venezuelan president said that in view of the tragedy suffered by the Caribbean nation, its debt will not only be forgiven, but the Venezuelan oil supply to the country will continue.

President Chavez Proposes ALBA countries to Create Humanitarian Found for Haiti

Likewise, the Venezuelan head of state proposed the creation of a $100 million Humanitarian Fund to strengthen the aid offered by the ALBA countries to Haiti.

President Chavez explained that the fund will be financed by the governments, peoples and companies that integrate the Latin American organization. 

Photo: MinCI

Bolivarian News Agency / Embassy of the Bolivarian Republic of Venezuela in the U.S. Press and Communications Office / January 25, 2010

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