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Nicaragua at risk over Venezuela oil pact: IMF

Thursday, March 19, 2015

Haiti and Nicaragua are the PetroCaribe member-states that will suffer the most if falling global oil prices force Venezuela to curtail or end the initiative, a senior International Monetary Fund official said.

Under PetroCaribe, an initiative of late Venezuelan President Hugo Chavez, the oil-rich Andean nation supplies crude to 17 Caribbean and Central American countries on generous payment terms.

Source: Fox News