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Will the Dominican Republic Remain Part of Petrocaribe?

LADB Article ID: 78972
Category/Department: Dominican Republic
Date: 2013-05-02
By: Crosby GirĂ³n

The Dominican Republic faces uncertainty on whether it will continue to receive benefits from Venezuela's subregional initiative Petrocaribe, which provides oil to Caribbean nations at preferential prices. The Dominican government has used savings obtained through the Venezuelan assistance program to reduce the deficit by the electric-energy sector instead of spending the money on education, health care, and social projects to improve the living conditions of the poor, contrary to what funding from Petrocaribe is meant to be used for.

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