Venezuela in negotiation with China on a five-billion-dollar loan
The president of the Economic and Social Development Bank of Venezuela (Bandes) reports
"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.
Hundreds of thousands of demonstrators took to the streets of Brazil on March 13 to demand the ouster of embattled President Dilma Rousseff, carrying banners expressing anger at bribery scandals and economic woes. A banner read "We don't want a new Venezuela in Brazil."