VIO News Blog

April 1, 2009

Venezuela in Qatar to Help Create a Multipolar World

On Tuesday a summit of South American and Arab governments took place in Doha, Qatar, in which leaders discussed ways in which to deepen economic and political ties between the two regions. President Chavez called on his colleagues to work together to help create a “multipolar world” and pressed for the creation of an oil-backed currency. AP and AFP report that heads of state agreed on the need to further expand technological exchanges and develop instruments of financial cooperation. According to AFP, trade between the regions has tripled since the first summit of this kind was held in Brasilia in 2005.

Maracaibo’s mayor Manuel Rosales, who has been accused of ‘illicit enrichment’ during his roles as governor of Zulia, is now in hiding somewhere in the city of Maracaibo, Reuters reports. A spokesman for Rosales stated that he would not “turn himself in without the possibility of a fair trial.” Though a prosecutor has called for Rosales to be detained, the courts have not issued a warrant for his arrest or determined whether he will need to go to trial.

In economic news, Bloomberg reports that Venezuela’s central bank cut interest rates on credit cards, savings accounts and short-term deposits in order to promote economic growth.

Finally in last night’s soccer match, Venezuela defeated Colombia 2-0, increasing the team’s chances of qualifying for the 2010 World Cup.

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