Venezuela takes $432 million loan as economic crisis continues

The Latin American Reserve Fund, which is tasked with maintaining regional financial stability, approves a three-year-loan of $432 million for Venezuela’s central bank, to apparently help pay for imports of food and medicine.  

Meanwhile, Venezuelans continue to feel the squeeze. A report says that diapers are in short supply and that those who aren’t pregnant or accompanied by a child, must often produce a birth certificate or sonogram to prove that they need them. In another indicator, the union leader for workers at a Caracas zoo says at least 50 animals have starved to death over the last six months. Marlene Sifontes is quoted by the BBC saying, “The story of the animals at Caricuao is a metaphor for Venezuelan suffering.”

Back