Tuesday, May 09, 2006

Venezuela Increasing Influence in Bolivia

Today's newspapers tell of growing Venezuelan influence in Bolivia. Indeed, Venezuela is to open branches for two banks in Bolivia. The banks in question are the Banco Industrial de Venezuela (BIV) and the Banco de Desarrollo Economico y Social de Venezuela (Bandes).

According to its website, Bandes is a "financial agent of the (Venezuelan) State, to attend projects oriented to economic desconcentration". Bandes was created by Chavez's administration and is a development bank. This bank has the power to operate both in Venezuela and on foreign soil. Also, reading to their mission statement, Bandes would probably like to be an alternative to the IADB.

The BIV, on the other hand, is a much older bank. According to their website is was created by the Venezuelan State in the 1930s and nowadays, the Venezuelan Finance Ministery is the majority stockholder. In 1999 the purpose of the bank was modified by law, so that they can now give credit to the agro sector. Perhaps this bank is entering Bolivia in order to help with the forthcoming land reform? According to the bank's mission statement, this bank should only be able to operate in Venezuela. Another hint to Bolivia becoming Southern Venezuela?

Both are state-controlled banks and will, presumably, serve no other purpose than giving logistic and financial support to Evo's soon-to-be dictatorship. Also, it is through these banks that Venezuela will increase its control of the Bolivian economy.

In a separate piece of news, La Razon reports that in the last four months, 1131 Venezuelan and Cuban citizens entered Bolivia. Although the government says that all of these came to Bolivia as tourists, in official visits, for work, business, transit and others, Podemos MP Hoz de Vila points out that before Evo's December election victory, Bolivia did not get as many visitors from these countries. So, he concludes, the political purpose of these visits should be clear. I must say I agree. I do not believe for one second that Cubans are able to travel freely and let alone as tourists!

And to think that there is still people out there that think that Evo is doing everything just for Bolivia.... it's just sad.

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Blogger CandiaMan┬« said...

Yes indeed, you have to be blind or deaf if you think those people came here as tourist and left Bolivia.

If you walk on the street on downtown La Paz or go out at night to certain places you could easyly notice a lot more of cuban and venezuelans arround here.

Suddenly Bolivia has become an atractive destination for those particular countries? don't think so. They are the new logistic team for evo's government.

by the way do you know this website www.rebelion.org, it's suposed to be an "indie" news webpage but sound more like a taste of things to come, all the natinalization of gas an petroleum and the incoming Land Reform were anounced moths ago.

5:53 PM  
Anonymous Lita said...

Good post.

Bolivians will take the same medicine as venezuelans: Revolution, 1 teaspon three times a day, until they find out what's really going on, but by then it will be too late.

The alien invasion (Cuba-Venezuela) has started for bolivians and they won't be able to stop it.

11:14 PM  

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