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.
Is protest over?

That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending  in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.

  •  Read