Connect with WINN FM

Unit C24, The Sands Complex
Newtown Bay Road, Basseterre, St. Kitts, W.I.

Haiti seeks to revive agriculture through Venezuela food-for-fuel deal

 

PORT-AU-PRINCE, Haiti (HCNN): Haiti's government is seeking to boost the agriculture sector through an agreement that would allow the impoverished Caribbean country to invest funds owed to Venezuela for fuel imports in massive food production projects and pay part of the fuel bills with food exports, officials say.

In 2005, then Venezuelan president, Hugo Chavez, initiated the PetroCaribe agreement that allowed Latin-American and Caribbean member-countries to pay for 60 percent of the oil immediately, while the remaining 40 percent is financed at a one percent interest rate over 25 years.

Haitian President Michel Martelly and Prime Minister Laurent Lamothe have engaged in talks with the new Venezuelan leadership to allow Haiti to become part of a food-for-oil program, already negotiated by some other PetroCaribe members, such as Guyana. "We've been talking with Venezuelan authorities to seek an agreement that will allow Haiti to pay fuel bills with food products made in Haiti," Lamothe told HCNN on Monday.

Read full story here...

Add comment


Security code
Refresh


Top Regional Stories

Most Read Regional News - July 2014

  • 1
  • 2
  • 3
Prev Next

Ramotar Slams US Diplomat Over Poll Remarks

Friday 4th July, 2014 Hits:454

Sourced Information

Turks and Caicos Corruption Under Investigation In Czech Republic

Thursday 3rd July, 2014 Hits:419

Sourced Information

Regional Leaders Approve 5 Year Strategic Plan

Saturday 5th July, 2014 Hits:418

Sourced Information

US Regrets Sanctions On St Lucia Police Force

Tuesday 1st July, 2014 Hits:412

Sourced Information

Business Development – Key Discussion at CARICOM Heads Meeting

Thursday 3rd July, 2014 Hits:400

Sourced Information

New Study Finds Dramatic Decline Of C'bean Coral Can Be Reversed

Friday 4th July, 2014 Hits:392

Sourced Information

Police Report Significant Decline In Kidnapping

Saturday 5th July, 2014 Hits:374

Sourced Information

'Crash Victims' Were Shot To Death

Tuesday 8th July, 2014 Hits:340

Sourced Information

Rowley Calls On Gov't To Deal With Issues

Wednesday 2nd July, 2014 Hits:337

Sourced Information

CARICOM Meeting Opens With Reiteration Of Its Relevance

Wednesday 2nd July, 2014 Hits:331

Sourced Information

Former Curacao PM Accuses Central Bank President Of Bribery

Tuesday 1st July, 2014 Hits:323

Sourced Information

St Lucia Assumes Chair Of Organization Of American States Permanent Council

Wednesday 2nd July, 2014 Hits:321

Sourced Information

Six Officers Released

Monday 7th July, 2014 Hits:318

Sourced Information





LISTEN AGAIN

 - WINN FM Evening News - 11th July, 2014

Click below to hear full item

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

- Inside the News Saturday 5th July, 2014

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

- The Bigger Picture with Ken Richards 6th July, 2014

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

-The Operating Room 8th July, 2014

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

-Commentary - Sonia Boddie: Remember Yesterday,Dream For Tomorrow, Live For Today

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.