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CARACAS, Friday August 22, 2008 | Update
The government of Nicaragua is working on a proposal on the
role of the company "Gran Nacional ALBA Alimentos." Organization
of the venture was agreed some days ago in Cuba by member
countries of Petrocaribe, a Caribbean alliance with Venezuela
to buy oil under special payment terms and conditions, DPA
reported.
Ariel Bucardo, Nicaraguan Minister of Agriculture and Forestry
(Magfor), said that the company will supply food to Latin
American countries under the premise of "fair trade".
He explained that the venture will prioritize the supply
of food to member countries of the Bolivarian Alternative
for the Americas (ALBA ), an alliance comprising Venezuela,
Cuba, Bolivia, Nicaragua and Dominica. Honduras will officially
join the alliance next August 25. The minister added that
the surplus of the company will be exported to third countries.
11:00 AM. Economy. Based on the official data, more and more families failed to get out of poverty in 2008; the exclusion status of more people moved faster and fewer people are on their way to overcome this situation. According to the data provided by the official National Statistics Institute (INE), last year the poorest homes in the country recorded an average monthly income of USD 401.82, whereas the food basket amounted to 417.77
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