Chavez oils Marxist influence in Caribbean.Hugo Chavez, Marxist president of Venezuela, is using his country's oil assets to draw cash-strapped, oil-hungry Caribbean nations into his orbit. Thirteen countries have signed on to his Petro-Caribe Initiative, which offers low-cost fuel, debt relief, subsidized sub·si·dize tr.v. sub·si·dized, sub·si·diz·ing, sub·si·diz·es 1. To assist or support with a subsidy. 2. To secure the assistance of by granting a subsidy. loans, and funding for poverty programs. Chavez launched the Petro-Caribe Initiative at a summit in Montego Bay Montego Bay (mŏntē`gō), city (1991 pop. 82,002), NW Jamaica. One of the most popular resorts in the Caribbean with highly developed tourism facilities, Montego Bay is also a port and commercial center. , Jamaica, on September 12, with Cuba's Communist dictator Fidel Castro Noun 1. Fidel Castro - Cuban socialist leader who overthrew a dictator in 1959 and established a Marxist socialist state in Cuba (born in 1927) Castro, Fidel Castro Ruz at his side. |
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