One Man Show

April 2007 | Risk Summary

President Hugo Chávez continues his crusade to unite - and lead - Latin America into an era of political and economic independence from the US. In the past month, the Venezuelan-led "Banco del Sur" project moved closer to reality as ministers from six countries met to discuss its aims and constitution. Chávez has also spoken out against a US-backed proposal to boost ethanol production for energy usage, confidently claiming his country can supply oil and gas for the whole region. We expect the outspoken president to continue courting Latin American countries with financial and energy support, though the majority of

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