...The Iran-Venezuela Joint Bank, based in Tehran, has an initial capital base of 200 million dollars, with each nation providing half of the funds, the state broadcaster said. The Export Development Bank of Iran, which is under sanctions from the US Treasury, was tasked with creating the joint bank with the Venezuelans. "The capital will be raised to 1.2 billion dollars with the aim of supporting joint economic, industrial and mining projects as well as speeding up the current projects," the report said. ...Chavez on Friday denounced a decision by the Group of 20 in London to commit one trillion dollars to the International Monetary Fund (IMF) and other global bodies to help struggling economies. "They have decided to strengthen the main culprit, the IMF, while this fund should be eliminated," he was quoted as saying by the state broadcaster.
...The Iran-Venezuela Joint Bank, based in Tehran, has an initial capital base of 200 million dollars, with each nation providing half of the funds, the state broadcaster said. The Export Development Bank of Iran, which is under sanctions from the US Treasury, was tasked with creating the joint bank with the Venezuelans. "The capital will be raised to 1.2 billion dollars with the aim of supporting joint economic, industrial and mining projects as well as speeding up the current projects," the report said.
...Chavez on Friday denounced a decision by the Group of 20 in London to commit one trillion dollars to the International Monetary Fund (IMF) and other global bodies to help struggling economies.
"They have decided to strengthen the main culprit, the IMF, while this fund should be eliminated," he was quoted as saying by the state broadcaster.
A leading opposition figure, former Defence Minister Raul Baduel has been arrested on corruption charges and is accused of having taken "a large amount of money" when he was minister in 2002-2007.
Former Illinois Governor Rod Blagojevich and five of his close associates have been charged with 16 felony counts including racketeering conspiracy, wire fraud, extortion conspiracy, and making false statements to federal agents.
