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IMF monitoring impact of Venezuela's economic stress for Caribbean islands

Monday, November 24th 2014 - 07:44 UTC
Full article 14 comments

The International Monetary Fund (IMF) says it is monitoring the potential impact any changes to PetroCaribe, Venezuela’s oil alliance with several Caribbean islands will have on regional economies. Read full article

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  • Klingon

    So the carribean countries are going to say: Stick it! We signed a 20 year contract to drip feed Venezuela, it's not our fault the can't fufill it!
    Maduro is going down, there's no other way.

    Nov 24th, 2014 - 12:50 pm - Link - Report abuse 0
  • ilsen

    PDVSA is in trouble. They can not meet the requirements. The little oil they are producing needs to be sold at a higher price to other countries or Venezuela will collapse.

    Nov 24th, 2014 - 12:57 pm - Link - Report abuse 0
  • brasherboot

    Meanwhile in the nasty Falkland Islands the happy Kelpers are bathing in cash

    Nov 24th, 2014 - 03:01 pm - Link - Report abuse 0
  • ChrisR

    @ 2 ilsen
    “....higher price to other countries or Venezuela will collapse.”

    Isn’t that what needs to happen though?

    Hopefully a collapse would precipitate real action against the crooks in power.

    MADuro for one needs topping and the little bird along with him.

    Nov 24th, 2014 - 04:55 pm - Link - Report abuse 0
  • ilsen

    @4 ChrisR
    Sorry, wasn't clear. I meant they (the Gov) 'needs' to withdraw from its current arangements with ALBA and Petro-Caribe in order to survive. However the is a politcal nightmare for them (PSUV) as these deals a cornerstones of the Chavez legacy.
    So, to withdraw would be 'anti-revolutoinary', and to stay in will break the bank.
    Quite possibly this will be their undoing. Let's hope so!

    Nov 24th, 2014 - 05:03 pm - Link - Report abuse 0
  • Briton

    As long as we don't get dragged into it,

    Nov 24th, 2014 - 08:35 pm - Link - Report abuse 0
  • ilsen

    apologies for the typos above, was on the 'phone.
    ---------------
    The UK has no real involvement in this. The US is happy to watch Vnzla fail and will consider any fall-out on Petro-caribe countries as collateral damage. Colombia has no dog in the fight either.

    Nov 24th, 2014 - 08:43 pm - Link - Report abuse 0
  • Klingon

    @7 Your'e right I think other countries will watch from the life boats as Venezuela sinks.
    Even all the other countries no matter what they say know Maduro is a brainless twat and know it's best his government collapses.
    Sorry about my errors also, as I didn't have my glasses.

    Nov 24th, 2014 - 09:42 pm - Link - Report abuse 0
  • ilsen

    @8
    You are right, most of the countries that signed-up for ALBA and Petro-caribe did it for economic advantage. Once that fails they will be like rats from a sinking ship. This 'bolivarian-brotherhood' charade will be exposed as a paper-tiger.

    Nov 24th, 2014 - 09:53 pm - Link - Report abuse 0
  • gordo1

    http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/11258509/Opec-refuses-to-cut-oil-production-prices-slump-to-five-year-low.html

    Nov 27th, 2014 - 08:11 pm - Link - Report abuse 0
  • ChrisR

    @ 9 ilsen

    I imagine you already know about this:
    http://www.telegraph.co.uk/news/worldnews/southamerica/venezuela/11257078/Venezuela-to-charge-opposition-leader-over-alleged-plot-to-kill-President-Maduro.html

    They must be getting desperate.

    Nov 27th, 2014 - 09:36 pm - Link - Report abuse 0
  • ilsen

    Yeah, they have waited over six months to charge her. Guess that's how long it takes to fabricate some 'evidence'.
    She is handling it with dignity. Sadly, I expect they will find a way to imprison her.

    Nov 27th, 2014 - 11:47 pm - Link - Report abuse 0
  • Captain Poppy

    The bus driver may be put in the garage.

    http://panampost.com/adam-dubove/2014/11/26/party-infighting-in-venezuela-could-force-maduros-exit/

    Nov 28th, 2014 - 02:21 am - Link - Report abuse 0
  • ilsen

    The fish rots from the head.

    Nov 28th, 2014 - 03:27 am - Link - Report abuse 0

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