Chávez said it very clearly in Riad: developing countries spend upwards of a trillion dollars in oil and gas. He proposed that the OPEC, which was nearly dissolved before the establishment of the Bolivarian government –which chaired and preserved this organization over 8 years– assume the tasks the International Monetary Fund was created for but has never fulfilled.
dollar is in a state of free fall, he said. We are paid with paper notes. We
can and ought to guarantee a supply of fuel, both to developed countries and to
those struggling to develop that need to import it. The OPEC can grant
development credits with long grace periods and a yearly interest of only 1
percent that poor countries can pay with the goods and services they can
produce. He mentioned the sum of 5 billion dollars in development aid which
Chávez could invoke an illustrative example which
can imagine what headaches these calculations bring him and see how just and
noble are his hopes for equality and justice for the peoples of what Martí called our
At the time, a balance could still be maintained. Neither the empire’s diabolical idea of transforming food into fuel, nor the climate changes science has discovered and proven, still existed.
Fidel Castro Ruz