Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Haiti Senate report claims graft in use of Venezuela funds
Source: Reuters
WORLD NEWS | Fri Aug 19, 2016 8:26pm EDT
Haiti Senate report claims graft in use of Venezuela funds
By Makini Brice | PORT-AU-PRINCE
A Haitian Senate report has called for charges to be brought against two former prime ministers and several ministers for alleged embezzlement, abuse of authority and forgery stemming from the use of funds in a Venezuelan oil loan program.
The executive summary of the report, dated Wednesday, said heads of ministries granted multimillion-dollar projects to firms while bypassing the public bidding process and signed contracts that were not under their authority. The full report has not been released.
The Senate report will add to concerns about billions of dollars of aid promised to Haiti after the 2010 earthquake. Much of the money went to directly to aid organizations, with results on the ground mostly unimpressive. Aid flows have slowed as memories of the devastation fade.
Venezuela's PetroCaribe program, by contrast, funneled money directly to the Haitian government’s coffers. The program, which Haiti joined in 2006, allowed Caribbean nations to pay low prices for oil from Venezuela, part of which would be financed upfront, with the balance put in a fund to finance social and economic projects.
[font size=1]-snip-[/font]
Haiti Senate report claims graft in use of Venezuela funds
By Makini Brice | PORT-AU-PRINCE
A Haitian Senate report has called for charges to be brought against two former prime ministers and several ministers for alleged embezzlement, abuse of authority and forgery stemming from the use of funds in a Venezuelan oil loan program.
The executive summary of the report, dated Wednesday, said heads of ministries granted multimillion-dollar projects to firms while bypassing the public bidding process and signed contracts that were not under their authority. The full report has not been released.
The Senate report will add to concerns about billions of dollars of aid promised to Haiti after the 2010 earthquake. Much of the money went to directly to aid organizations, with results on the ground mostly unimpressive. Aid flows have slowed as memories of the devastation fade.
Venezuela's PetroCaribe program, by contrast, funneled money directly to the Haitian government’s coffers. The program, which Haiti joined in 2006, allowed Caribbean nations to pay low prices for oil from Venezuela, part of which would be financed upfront, with the balance put in a fund to finance social and economic projects.
[font size=1]-snip-[/font]
Read more: http://www.reuters.com/article/us-haiti-venezuela-idUSKCN10V014
