Central bank assistance to state-run Pdvsa stands at USD 29 billion
Assistance over the last 12 months has spiked to 79%
By October 26, the BCV had allocated USD 29 billion to Pdvsa, compared to only USD 16.2 billion during the same period in 2011.
During October this year, the financial aid amounted to USD 30.4 billion. Although by the end of that month the oil company had arranged to pay its liabilities, it only reduced its debts by USD 1.3 billion.
The BCV began providing financial assistance in the first half of 2010 when it received promissory notes that Pdvsa had issued to the National Treasury. Since then, financial assistance has not stopped.
Translated by Jhean Cabrera
Let us start by looking at what appears to be a discrepancy in figures. According to official statistics, the number of Venezuelans contracting HIV/AIDS every year amounts to 11,699; and as per Ministry of Health figures 43,805 people receive free antiretroviral medications. But Jhonatan Rodríguez, the president of ONG StopVIH, claims that these figures date back to March 2012, and that they are quoted as current figures.