Chavez’ Katrina generosity, now looks miniscule

September 7, 2005

From PMB comments
I learn that Chavez’ advisers may have misjudged the impact of his
generosity to the Katrina victims when Daddy Warbucks Chavez offered
US$ 1 million to the victims via the Red Cross. It turns out that 94
nations have so far offered aid and among OPEC members Venzuela’s
contribution looks indeed puny:

  • Venezuela: Up to $1 million to Red Cross from CITGO Petroleum
  • Bahrain: $5 million ..(not a Member of OPEC but acts as if it were)
  • Kuwait: $400 million in oil, $100 million cash
  • Qatar: $100 million cash
  • Saudi Arabia: $255 million from Aramco
  • United Arab Emirates: $100 million cash

In fact, they should have looked up what Venezuela received in international aid after the Vargas tragedy: US$ 656 milion in cash contributions alone, if what they wanted was to make a big deal out of it It now looks like a miniscule deal.

This entry was posted on September 7, 2005 at 7:57 am and is filed under Venezuela.

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