Venezuela forgives Dominica’s $100 million debt

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November 26, 2017 – Fort Russ News –
Paul Antonopoulos

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CARACAS, Venezuela – Venezuela has
forgiven Dominica’s outstanding PetroCaribe $100 million debt.

“Due to the difficult conditions
our sister people of Dominica is facing after Hurricane Maria, Venezuela
announces the start of a process of short-term and long-term debt
forgiveness,” Jorge Arreaza, Venezuela’s minister of foreign affairs, said
during a forum on climate change organized by the United Nations and the
Caribbean Community of Regional Integration. 

“This is to allow the government
of brother prime minister of Dominica, Roosevelt Skerrit, funds for the
reconstruction of his country as well as the creation of fiscal space to access
new credit,” the foreign minister continued. 

The move was done in a show of
solidarity.

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