Oil Prices and the Future of Petrocaribe

An article in the Huffington Post discusses the relationship between nineteen Caribbean and Central American countries and Venezuela. Petrocaribe is a financing mechanism in which participating countries purchase oil from Venezuela at a discounted price and repay the difference over time with a low interest rate attached over a period of 17 – 25 years.

To read more about Petrocaribe and its impact on the Caribbean region, click here.