llThe Dominican Republic, another beneficiary of PetroCaribe, it is already asking questions. What if PetroCaribe could not withstand the fall in oil prices on the international market? Pharel, speaking November 17th on Radio Magik 9, said that the authorities on the other side of the island are already hard at work.
"If the price of a barrel of oil continued to drop to under 60 USD, Venezuela may not be able to continue to help Haiti," said Pharel. “This would represent a deficit of 20 billion gourdes in the country’s budget.”
According to Pr
PetroCaribe: should we be worried?
Prices of petroleum products are falling on the international market. This is not the case of producers and oil exporters such as Venezuela. According to economist Kesner Pharel, this could have implications for the PetroCaribe program which finances social and infrastructure programs of the Martelly-Lamothe government.
Par Le Nouvelliste
27 nov. 2014 | Lecture : 2 min.