ESPACIO PUBLICITARIO
CARACAS, Tuesday July 23, 2013 | Update
 
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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)
EL UNIVERSAL
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.
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