World Bank voiced concern about Venezuelan petroleum funds

The Washington D.C., traditionally United States citizen led, World Bank has found yet another problem with Haiti's oil relationship with Venezuela. A special envoy from the bank with well over 100 international members has expressed concern with the lack of transparency regarding how the government uses the public funds being saved via the conditions of the PetroCaribe deal.


That the bank was concerned was revealed by Mary Barton-Dock, the local branch director of the World Bank at a recent press luncheon in Port-au-Prince. She claims that, after accruing state savings from the deal which allows Haiti to buy fuel from Venezuela at a rate of only 40% up front, with the remaining being payable over a period of a quarter century, the government is then not being held answerable as to how this money is spent. This allows them to use the public funds, valuing some $300 million per annum, as they see fit. Not only would she call for transparency, but also the better management of the investment budget from the project and a system of arbitration.

Regarding the matter, Prime Minister, Laurent Lamothe's special advisor, Salim Succar expressed surprise, stating that they were never asked to furnish any documents regarding the use of the PetroCaribe funds. Succar went on to say that, since the special envoy hadn't contacted them, the comments made were baseless and 'out of touch' with what the administration is doing and has accomplished so far with the funds saved by the deal.

He also added that Venezuela recently conducted an audit of the deal and revealed that Haiti's government's management of the funds demonstrates more transparency than most other PetroCaribe member states.

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Read more: World Bank, Venezuela, PetroCaribe, Mary Barton-Dock, International

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Gerard Santiague says...

So produce the documents in question and posted them in the Internet for everyone to see. It is as simple as

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