Petrocaribe

Chaos reigned in Haiti for a seventh straight day on February 13, as people continue to rise up against President Jovenel Moïse over his corruption, arrogance, false promises and straight-faced lies. But the crisis will not be solved by Moïse’s departure, which appears imminent, writes Kim Ives.

Venezuela foreign minister Nicolas Maduro said on June 2 that Venezuela’s announced cancelling of Haiti's debt of US$395 million with Petrocaribe was now official. Petrocaribe is a program under which the Venezuelan government offers discounted oil, to be paid back over long-term low-interest loans, to Caribbean and Central American nations. Maduro made the announcement after the World Summit on the Future of Haiti. The summit was held in the Dominican Republic with the participation of representatives from 50 countries.
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