Financial and Banking News

AID FLOWS

Venezuela and Mexico Renew San Jose Accord 

Venezuela and Mexico announced on 3 August that they have agreed to renew the 1980 San Jose Accord - a joint program to supply oil at concessionary rates to eight Central American and Caribbean countries (Barbados, Costa Rica, Honduras, Panama, the Dominican Republic and Jamaica) - for a further year. Under last year's program the beneficiaries received 130,000 b/d of crude oil along with five-year...