Venezuela recalled as having been a saviour to Antigua and Barbuda during the challenges of the global economic crisis

Nearly 20 years after the launch of several Venezuela-led social programmes in Antigua & Barbuda, the impact of those negotiations is still being felt.

During Wednesday’s tribute to the late President Hugo Chavez, former Prime Minister Dr. Baldwin Spencer noted that the republic rescued Antigua and Barbuda during the fiscal challenges it faced as a result of world economic crisis and the fall of the Stanford Empire.

Dr. Spencer noted that Chavez readily agreed to a low-interest loan so that the Government could meet its obligations.  This, he said, was at a time when the republic had its own share of challenges with the United States of America and other countries.