With Venezuela’s currency value dropping at recent rapid rate local corporations are seeking foreign loans. Company’s like PDVSA are currently in quick negotiations with foreign businesses in order to ease their finances and have a productive year. PDVSA currently hopes to secure a six billion dollar loan from China and a two billion dollar loan from U.S. energy Chevron, via bonds and credit. With the absence of Chavez acquiring the loans has been noticeably difficult without the undisputed decisions of Venezuela’s leader in these country to country negotiations.
In class we discussed Latin American countries were dependent on economic aid from foreign countries. Mexico, especially in the nineteenth century, benefited greatly from British investments improving Mexican trade and business growth.