Venezuela agrees to fund Grenada poverty eradication programmes

grenada-poverty

Economic Development, Trade, Planning and Co-operatives Minister Oliver Joseph, said the pledge was made during a meeting of PetroCaribe in Caracas over the weekend. (Credit: caribank.org)

ST. GEORGE’S, Grenada, Thursday April 10, 2014, CMC – Grenada says Venezuela has given an undertaking that it will fund projects to eradicate hunger and poverty in Latin America and the Caribbean.

Economic Development, Trade, Planning and Co-operatives Minister Oliver Joseph, said the pledge was made during a meeting of PetroCaribe in Caracas over the weekend.

“They clearly outline what needs to be done in order to eradicate poverty, and Venezuela will offer support to member states for this initiative,” Joseph said.

“Grenada is part of this initiative and we stand to benefit from this drive to eradicate hunger and poverty in Latin America and the Caribbean,” he added.

Joseph, who led a two-member delegation to the meeting, said five areas had been identified for support.

Ministers responsible for Petro Caribe – an oil alliance of many Caribbean states with Caracas to purchase oil on conditions of preferential payment –  will meet in June in Venezuela, where the funding will be committed for the programme. Click here to receive free news bulletins via email from Caribbean360. (View sample)