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In June 2009 Antigua and Barbuda became a formal member of the Bolivarian Alliance for the Americas (ALBA) international cooperation organization and the Caribbean oil alliance Petrocaribe. In 2009 Antigua and Barbuda received US$50 million from Venezuela. After American billionaire Allen Stanford's banks failed, Chávez sent financial assistance to Antigua and Barbuda, which was dependent on Stanford's investment when his business empire collapsed.[1]
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 Antigua and Barbuda |
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References edit
- ^ "Chavez aid Antigua-Barbuda after Stanford Fraud Scandal". The Trinidad Guardian. 18 August 2009. Archived from the original on 16 July 2012. Retrieved 31 July 2012.
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