CARACAS, Tuesday September 30, 2008 | Update
Politics
President Hugo Chávez arrived at 9:00 am. on Tuesday
in Manaus, Brazil, to meet with his Brazilian counterpart
Luis Inacio Lula da Silva and also with their counterparts
of Bolivia, Evo Morales and Ecuador, Rafael Correa.
"We will review contracts that were signed some months ago
but are now becoming concrete projects. We have made progress
in the integration and unity of Brazil and Venezuela which
is part of the South America unity," said the Venezuelan president
upon arriving in Brazil.
Chávez stressed the importance of the Banco del Sur
"to favor the Latin American economy in moments where capitalism
and neo-liberalism join together."
Lula and Chávez will discuss the strengthening of regional
integration mechanisms that allow South American economies
to resist the untoward effects of the global financial crisis,
reported the Brazilian presidency.
05:09 PM. Economy. If any country has cashed in on the Bolivarian revolution, that is Brazil, particularly the private companies of the southern neighbor. Over the past five years, it has been awarded contracts for works to be carried out in Venezuela for over USD 14 billion. This puts it as the first recipient of government-to-government contracts, that is, without bidding, since Hugo Chávez took office.