An OPEC member helps bankroll its less well-off neighbors
In Jamaica, the conservative government of Prime Minister Edward Seaga discovered shortly after its election last October that it desperately needed $100 million in operating funds. Seaga passed the word to a group of visiting U.S. and Venezuelan businessmen who were looking at ways to revive the island's near bankrupt economy. Shortly thereafter, Jamaica received a $50 million grant from a confidential Venezuelan government discretionary fund that may total as much as $500 million. An additional $50 million from Venezuela is now being funneled...
To continue reading:
or
Log-In
