Antigua and Barbuda–Venezuela relations explained

In June 2009 Antigua and Barbuda became a formal member of the Bolivarian Alliance for the Americas (ALBA) international cooperation organization and the Caribbean oil alliance Petrocaribe. In 2009 Antigua and Barbuda received US$50 million from Venezuela. After American billionaire Allen Stanford's banks failed, Chávez sent financial assistance to Antigua and Barbuda, which was dependent on Stanford's investment when his business empire collapsed.[1]

Notes and References

  1. Web site: 18 August 2009. Chavez aid Antigua-Barbuda after Stanford Fraud Scandal. dead. https://web.archive.org/web/20120716201636/http://www.guardian.co.tt/business/business/2009/08/18/chavez-aids-antigua-barbuda-after-stanford-fraud-scandal. 16 July 2012. 31 July 2012. The Trinidad Guardian.

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