March 8, 2013

How China Propped Up Hugo Chavez

Sanderson & Forsythe, Foreign Policy

AP Photo

Hugo Chávez, resplendent in crisply pressed fatigues and paratrooper boots with red shoelaces, had a very special guest. Meeting him that day in mid-September 2011 in Caracas was the world's most powerful banker, who had lent Chávez's government at least $40 billion over the four years from 2008 to 2012, or about $1,400 for every man, woman, and child in Venezuela.

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TAGGED: Hugo Chavez, bank, China, Venezuela

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