Antigua and Barbuda–Venezuela relations
Antigua and Barbuda–Venezuela relations refers to the diplomatic relations between Antigua and Barbuda and Venezuela.
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 Antigua and Barbuda |
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History
In June 2009 Antigua and Barbuda became a formal member of the Bolivarian Alliance for the Americas (ALBA) international cooperation organization and the Caribbean oil alliance Petrocaribe. In 2009 Antigua and Barbuda received US$50 million from Venezuela because of the country's membership in this alliance. After American billionaire Allen Stanford's banks failed, Chávez sent financial assistance to Antigua and Barbuda, which was dependent on Stanford's investment when his business empire collapsed.[1]
References
- "Chavez aid Antigua-Barbuda after Stanford Fraud Scandal". The Trinidad Guardian. 18 August 2009. Archived from the original on 16 July 2012. Retrieved 31 July 2012.
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