Thursday, January 05, 2006

Venezuela to Aid Bolivia’s New President Morales

By: Gregory Wilpert – Venezuelanalysis.com

The rapport between Morales and Chavez was immediately visible, during the press conference, as each kept slapping the other on the shoulder and as Chavez promised to support Morales in all of his projects, most of which sounded very similar to Chavez’s own projects when he was first elected. Among the projects Chavez promised to support was a 30-month campaign to eradicate illiteracy in Bolivia, an effort to organize a constitutional assembly, the nationalization of Bolivia’s natural gas fields, and to engage in a land reform effort, among other things.

In addition to providing strategic advice and support on these projects, Chavez promised that Venezuela would supply Bolivia with the country’s entire diesel fuel needs, 150,000 barrels per month. In exchange, Venezuela would not ask for hard cash but for an in-kind payment of Bolivia’s agricultural products.

Also, Chavez said that Venezuela would provide Bolivia with a $30 million donation for social projects, to start off his presidency. Exactly what projects the new Morales government would use the money for was not explained.