New Donors: Development Assistance à la Chávez

Article no: EN20070307-Article-2.3-2007

New Donors: Development Assistance à la Chávez

The oil boom made it possible. Venezuela, the fifth largest exporter of oil and petroleum products has developed into an important donor country in Latin America in the past three years. Petrodollar revenues of US$35bn in 2005 and a solid balance of payments surplus create sufficient leeway for altruistic capital export in the form of official financial aid. A survey by Bodo Ellmers.