Financial and Banking News


Venezuela and Mexico Renew Oil Aid to Central American Countries

Venezuela and Mexico have agreed to renew oil aid to eight Central American and Caribbean countries under the San Jose accord which was signed in 1980, according to a joint statement issued in Mexico City last week. Under the ac- cord, Venezuela and Mexico each supply 65,000 b/d to the eight recipient countries, which pay 80% of the posted price with the balance to be paid over 20 years,...