(Jamaica Gleaner) Prime Minister Bruce Golding has described the Venezuelan-sponsored PetroCaribe Agreement as a model of cooperation within the region and among developing countries.
Speaking at the fifth PetroCaribe Ministerial Council Meeting of Energy Ministers and the sixth Summit of the Heads of State and Governments in Basseterre, St Kitts-Nevis, on the weekend, Golding pointed to the PetroCaribe initiative as a profound example of South-South Cooperation, especially in light of the exclusion of developing countries from G-20 deliberations.
The prime minister commended Venezuelan President Hugo Chávez for his vision in creating PetroCaribe, which has been of tremendous assistance to several Caribbean countries in coping with high oil prices and stabilising their economies. Golding acknowledged the generosity of Venezuela and its people, noting the sacrifice they have made by foregoing immediate revenue to facilitate the PetroCaribe Agreement.
