Antigua and Barbuda–Venezuela relations

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Antiguan and Barbudan-Venezuelan relations
Map indicating locations of Antigua and Barbuda and Venezuela

Antigua and Barbuda

Venezuela

In June 2009

Bolivarian Alliance for the Americas (ALBA) international cooperation organization and the Caribbean oil alliance Petrocaribe. In 2009 Antigua and Barbuda received US$50 million from Venezuela. After American billionaire Allen Stanford's banks failed, Chávez sent financial assistance to Antigua and Barbuda, which was dependent on Stanford's investment when his business empire collapsed.[1]

References

  1. ^ "Chavez aid Antigua-Barbuda after Stanford Fraud Scandal". The Trinidad Guardian. 18 August 2009. Archived from the original on 16 July 2012. Retrieved 31 July 2012.