Nicaraguan President
Says ALBA is Fair Trade
Nicaraguan President
Daniel Ortega called the
Bolivarian Alternative
for the Americas fair
trade compared to
neoliberal free trade.
He added that along the
past 16 years of
neoliberal governments,
banks never gave farmers
credit facilities like
the ALBA integration
project does through
Venezuela, Cuba and
Bolivia.
Ortega supplied tractors
and other farm equipment
to twelve cooperatives
in Somoto, over 130
miles north of Managua,
as part of the Zero
Hunger program in motion
since May, which will
benefit 75,000 families
in the next five years.
The farm machinery is
part of a batch of 150
that Venezuela will give
Nicaraguan cooperatives
via soft credits, not
exceeding five percent
interest rates.
Ortega also gave 500
families food bonds
worth $2,000 each,
including one cow, one
pig, poultry and seeds
to help them produce
their own food and
contribute the surplus
to the domestic economy. |
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