CARACAS, Tuesday July 23, 2013 | Update

Venezuela in negotiation with China on a five-billion-dollar loan

The president of the Economic and Social Development Bank of Venezuela (Bandes) reports

A Chinese delegation has been to Venezuela for some days (File photo)
Tuesday July 23, 2013  11:13 AM
The president of the Economic and Social Development Bank of Venezuela (Bandes), Temir Porras, informed that Venezuela and China have held talks to arrange a third line of credit to the fund shared between the two nations. The new credit is expected to amount to five billion dollars, Reuters reported.

"We are advancing in the negotiations; we are having another meeting in Caracas in two weeks, which is very likely to reach the goal: signing a new loan. We look forward to boost Chinese financing a bit higher. That is what we are negotiating at this point," Porras told journalists.
What goes out of the La Yaguara industrial park

María Fernanda Astudillo is a store analyst for Alimentos Polar working at the company's facilities in La Yaguara. At only 23 years of age, she has made a career in that company where she has worked for the last six years. Now, besides her responsibilities, which include overseeing shipping/receiving and warehousing of goods, she is taking part in the roundtable discussions among the other companies operating in the La Yaguara industrial park, the Government and the workers exploring possible ways of coping with the order to expropriate the land.

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