situation report

Jan 12, 2015 | 14:16 GMT

1 min read

Venezuela: Qatari Banks Will Provide Billions, President Said

Venezuelan President Nicolas Maduro said Qatari banks would grant Venezuela billions of dollars to help the country survive the global drop in oil prices, Ultimas Noticias reported Jan. 12. Maduro did not specify exactly how much Qatari banks would provide but said the funds would be used for important development projects. Maduro has been visiting OPEC countries since Jan. 9 to discuss the drop in oil prices. Maduro is slated to visit Algeria next.

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