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Chavez warns banks to back projects

Venezuelan president Hugo Chavez warned private banks that he will consider nationalising any that refuse to finance agricultural projects promoted by his government.

Chavez warns banks to back projects

Mon, 30 Jan, 2012 - 08:25

Venezuelan president Hugo Chavez warned private banks that he will consider nationalising any that refuse to finance agricultural projects promoted by his government.

Banks are required by law in Venezuela to provide at least 10% of their lending to finance government development projects.

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Courts Heathrow Place: Venezuela Place: Spain Place: Barinas Place: Los Llanos Person: Chavez Person: president Person: Hugo Chavez Person: Juan Carlos Escotet Organisation: Banesco Organisation: Banco Mercantil Organisation: Banco Provincial Organisation: Banco Bilbao Vizcaya Argentaria Organisation: National Assembly

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