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Argos Media

BBC NEWS | Americas | World 'well prepared' for virus - 0 views

  • The international community is better prepared than ever to deal with the threatened spread of a new swine flu virus, a top UN health chief has said
  • As the UN warned the outbreak might become a pandemic, Dr Keiji Fukuda said years of preparing for bird flu had boosted world stocks of anti-virals. Canada is the latest country to confirm cases after as many as 81 deaths in Mexico and 20 cases in the US. Washington has warned the flu may yet claim American lives.
  • Eight cases have been confirmed among New York students, seven in California, two in Texas, two in Kansas and one in Ohio. Several countries in Asia and Latin America have begun screening airport passengers for symptoms. There is currently no vaccine for the new strain of flu but severe cases can be treated with antiviral medication.
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  • Speaking in Geneva, an expert from the World Health Organization (WHO), the UN's health agency, expert said the swine flu virus could be capable of mutating into a more dangerous strain but that more information was needed before raising the WHO's pandemic alert phase.
  • Only a handful of the Mexican cases have so far been laboratory-confirmed as swine flu, while in the US confirmed cases had only mild symptoms. Health experts want to know why some people become so seriously ill, while others just get a bit of a cold, the BBC's Imogen Foulkes reports from Switzerland.
  • Officials said most of those killed so far in Mexico were young adults - rather than more vulnerable children and the elderly. It is unclear how effective currently available flu vaccines would be at offering protection against the new strain, as it is genetically distinct from other flu strains.
  • H1N1 is the same strain that causes seasonal flu outbreaks in humans but the newly detected version contains genetic material from versions of flu which usually affect pigs and birds.
  • It is spread mainly through coughs and sneezes.
  • Ten New Zealand students from a group which visited Mexico have tested positive for Influenza A, making it "likely" they are infected with swine flu In France, a top health official told Le Parisien newspaper there were unconfirmed suspicions that two individuals who had just returned from Mexico might be carrying the virus Spain's health ministry says three people who returned from a trip from Mexico with flu symptoms are in isolation and being tested In Israel, medics are testing a 26-year-old man who has been taken to hospital with flu-like symptoms after returning from a trip to Mexico Two people in Queensland, Australia, are being tested in hospital after developing flu-like symptoms on returning from Mexico
  • Officials in Mexico confirmed that 20 people had died from the virus while another 61 deaths were suspected cases of swine flu. More than 1,300 people have been admitted to hospital with suspected symptoms since 13 April. With Mexico City apparently the centre of infection, many people are choosing to leave the city, the BBC's Stephen Gibbs reports.
  • Dr Fukuda said on Sunday there was no proof that eating pork would lead to infection. "Right now we have no evidence to suggest that people are getting exposed, or getting infected, from exposure to pork or to pigs, and so right now we have zero evidence to suspect that exposure to meat leads to infections," he said.
Argos Media

BBC NEWS | Americas | WHO fears pandemic is 'imminent' - 0 views

  • The UN's World Health Organization has raised the alert over swine flu to level five - indicating human-to-human transmission in at least two countries. It is a "strong signal that a pandemic is imminent", the WHO says.
  • In Mexico, at the epicentre of the outbreak, people have been urged to stay at home over the next five days. There are numerous cases elsewhere - the highest number outside Mexico in the US - and Europeans have been told it is certain there will be deaths.
  • New cases were confirmed in Switzerland, Costa Rica and Peru European health ministers were set to meet for emergency talks to co-ordinate national efforts to contain the spread of the virus Ghana has become the latest country to ban pork imports as a precaution against swine flu, though no cases have been found in the West African country.
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  • Already, schools across Mexico have closed, public gatherings are restricted and archaeological sites have been placed off-limits.
  • Meanwhile in Mexico, President Felipe Calderon has announced the partial suspension of non-essential work and services from 1 to 5 May - a holiday period there. In a TV address, he urged people to stay in with their families - saying there was "no place as safe as your own home".
  • Ms Chan stressed on Wednesday that there was no danger from eating properly cooked pork. She advised hygiene measures such as hand-washing to prevent infection and said it was important "to maintain a level of calm".
  • Mexico is already being hit hard by the global economic slowdown, and the country's finance minister says swine flu could cut a further half-percent of GDP.
  • Officials have put the number of suspected deaths from swine flu in Mexico at 168, although just eight deaths have been confirmed, with 26 infections positively tested.
  • In Europe, the director-general of health and consumer protection, Robert Madelin, said the continent was well prepared but nonetheless deaths from the disease were expected. "It is not a question of whether people will die, but more a question of how many. Will it be hundreds, thousands or tens of thousands?", he said, speaking to Reuters news agency.
  • Spain has seen the first case of a person contracting swine flu without having travelled there.
  • After Mexico, the US has recorded the next highest number of confirmed cases, with 91 - and the first death of swine flu outside Mexico, after a visiting Mexican child died in Texas.
Argos Media

BBC NEWS | Americas | US to boost Mexico border defence - 0 views

  • The US government is to increase security at the country's border with Mexico in an attempt to combat drug cartels, the White House has announced. Immigration, customs and anti-drug agents and gun law enforcement officers will be reinforced as part of a $700m (£475m) undertaking.
  • Some 8,000 have died in Mexico in the past two years in drug gang turf wars. The south-west US has also seen rising violence and kidnappings.
  • The money will come out of funds already allocated by the US Congress to assist Mexico in its fight against the drug cartels.
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  • Earlier this year, a study by the US Department of Defence warned that Mexico was in danger of becoming a failed state because of the drug gangs.
  • Gang-related violence claimed the lives of some 6,000 people in 2008 and so far this year more than 1,000 have been killed as gangs fight both one another for territory and the police and troops sent to tackle them.
Argos Media

BBC NEWS | Americas | 'Too late' to contain swine flu - 0 views

  • The swine flu virus first detected in Mexico can no longer be contained and countries should focus on mitigating its effects, a top UN official said. World Health Organization deputy chief Keiji Fukuda was speaking as the WHO raised its alert level to four, or two steps short of a full pandemic.
  • The number of probable deaths from the virus there has risen to 152. The US, Canada, Spain and Britain have confirmed cases of the virus, but not deaths have been reported outside Mexico.
  • Alert level four means the virus is showing a sustained ability to pass from human to human and is able to cause community-level outbreaks.
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  • Mr Fukuda said this was a "significant step towards pandemic influenza" but a pandemic should not be considered inevitable. Experts did not recommend closing borders or restricting travel, he stressed. "With the virus being widespread... closing borders or restricting travel really has very little effects in stopping the movement of this virus," he said.
  • The first batches of a swine flu vaccine could be ready in four to six months' time but it will take several more months to produce large quantities of it, Mr Fukuda said.
  • Health experts say the virus comes from the same strain that causes seasonal outbreaks in humans but also contains genetic material from versions of flu which usually affect pigs and birds.
  • The UN Food and Agriculture Organisation is sending a team to investigate allegations that industrial pig farms in Mexico were the source of the outbreak.
  • In almost all swine flu cases outside Mexico, people have been only mildly ill and have made a full recovery.
  • In Canada, six cases have been recorded at opposite ends of the country, in British Columbia and in Nova Scotia.
  • Swine flu officially arrived in Europe on Monday, when tests confirmed that a young man in Spain and two people in Scotland - all of whom had recently returned from Mexico - had the virus. They were said to be recovering well.
  • Several countries have banned imports of raw pork and pork products from Mexico and parts of the US, although experts say there is no evidence to link exposure to pork with infection.
  • Shares in airlines have fallen sharply on fears about the economic impact of the outbreak.
Argos Media

BBC NEWS | Americas | Mexico flu sparks worldwide fear - 0 views

  • Mexican authorities have taken drastic measures to contain a new strain of the swine flu virus that has killed 81 and prompted fears of a global pandemic. People are being urged to stay at home and maintain strict personal hygiene. Many schools, public buildings, bars and restaurants have been closed. Non-fatal cases have been confirmed in the US and are likely in New Zealand.
  • The World Health Organization (WHO) has confirmed that at least some of the cases are a new strain of the virus.
  • H1N1 is the same strain that causes seasonal flu outbreaks in humans, but the newly detected version contains genetic material from versions of flu which usually affect pigs and birds. The respiratory virus - which infects pigs but only sporadically humans - is spread mainly through coughs and sneezes. The WHO has warned the virus has the potential to become a pandemic.
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  • Although all of the deaths so far have been in Mexico, the flu is spreading in the United States and suspected cases have been detected elsewhere: Eleven confirmed infections in the US In addition, eight suspected cases are being investigated at a New York City high school where about 200 students fell mildly ill with flu-like symptoms Ten New Zealand students are among a group which travelled to Mexico have tested positive for influenza A - making it "likely", though not definite, that they are infected with swine flu, said Health Minister Tony Ryall In France, a top health official told Le Parisien newspaper there were unconfirmed suspicions that two individuals who had just returned from Mexico may be carrying the virus But a UK hospital conducting tests for swine flu on a British Airways cabin crew member said the tests proved negative.
  • Public buildings have been closed and hundreds of public events suspended.
  • Schools in and around Mexico City have been closed until 6 May, and some 70% of bars and restaurants in the capital have been temporarily closed.
  • People are being strongly urged to avoid shaking hands, and the US embassy has advised visitors to the country to keep at least six feet (1.8m) from other people. Mexico's Health Secretary, Jose Cordova, said a total of 1,324 people had been admitted to hospital with suspected symptoms since 13 April and were being tested for the virus.
  • Mexico's President Felipe Calderon has announced emergency measures to deal with the situation. They include powers to isolate individuals suspected of having the virus without fear of legal repercussions.
Pedro Gonçalves

AFP: Leftist party reclaims political primacy in Mexico - 0 views

  • Midterm elections in Mexico, which dealt a heavy blow to President Felipe Calderon's conservative ruling party, marked the resurgence of the leftist opposition that ruled the country for most of the last century.The Institutional Revolutionary Party (PRI), which held an ironclad grip on power in Mexico from 1929 until losing to Calderon's National Action Party (PAN) in 2000, now reclaims its historical role as the biggest bloc in the legislature after Sunday's vote, the party's leaders said.
  • With almost all votes counted, Calderon's party was beaten into second place with 27.9 percent of the vote, compared to 36.6 percent for the left-wing PRI.
  • After Sunday's balloting, the PRI can count on 233 of 500 congressional seats, plus 22 Green Party seats -- a sweeping legislative mandate.
Argos Media

Four-year-old could hold key in search for source of swine flu outbreak | World news | ... - 0 views

  • A Mexican village whose inhabitants were overwhelmed by an outbreak of respiratory illness starting in February has emerged as a possible source of the swine flu outbreak which has now spread across the world.
  • The state government of Veracruz in eastern Mexico has confirmed one case of swine flu in the village of La Gloria with the sufferer named locally as a four-year-old boy, Edgar Hernandez Hernandez. The federal government said tonight that he tested positive for the same strain of the virus which has claimed lives in Mexico.
  • Mexico's national public health authority, the Mexican social security institute, raised concerns that waste from the Granjas Carrol facility may be responsible for the outbreak of illness, according to local media."According to state agents of the Mexican social security institute, the vector of this outbreak are the clouds of flies that come out of the hog barns, and the waste lagoons into which the Mexican-US company spews tons of excrement," reported Mexico City newspaper La Jornada.
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  • Swine flu can be caught through contact with infected animals, but it is unclear if contact with flies or excrement has the same effect.
  • The outbreak of respiratory illness in the area of the Granjas Carroll plant was first detected at the beginning of this month by Veratect, a company based in Washington state which monitors the spread of disease and pandemics around the world for corporate clients.
Argos Media

BBC NEWS | Americas | Swine flu cases spread across US - 0 views

  • Some 226 swine flu cases have been confirmed in 30 states and more cases are expected, US health officials say. They said most cases were mild - although a small girl visiting from Mexico has died - and the spread was no worse than seasonal flu.
  • WHO chief Margaret Chan said the real test would come when the winter influenza season hits countries. "We hope the virus fizzles out, because if it doesn't we are heading for a big outbreak," she told the UK's Financial Times.
  • • The outbreak is having diplomatic repercussions, with a row breaking out between Mexico and China after Beijing quarantined 70 Mexicans • Spain raises the number of confirmed cases from 40 to 44, making it the worst-hit country in Europe • Two new cases are confirmed in France bringing the total to four, the AFP news agency reports • Turkish media reports of a patient dying from swine flu in the southern Antalya province are denied by a hospital spokeswoman to Reuters news agency
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  • The WHO said on Monday that 985 cases of the virus had been officially reported across 20 countries. Person-to-person transmission has been confirmed in six countries.
  • "Virtually all of the United States probably has this virus circulating now," Dr Anne Schuchat said. "That doesn't mean that everybody's infected, but within the communities, the virus has arrived." She said that although she expected cases to become more severe and to lead to deaths, this in itself would not be unusual as every year 36,000 people die in the US after contracting seasonal flu.
  • Health Minister Jose Angel Cordova said that the virus appeared to have peaked between 23-28 April. "The evolution of the epidemic is now in its declining phase," he told a news conference.
Pedro Gonçalves

World economies prepare for panic after Greek polls | Reuters - 0 views

  • Officials from the G20 nations, whose leaders are meeting in Mexico next week, said that central banks were ready to take steps to stabilize financial markets - if needed - by providing liquidity and prevent any credit squeeze after Sunday's election. Canada is "ready to act" if the situation takes a serious turn for the worse of there is "an external shock," Andrew MacDougall, a spokesman for Prime Minister Stephen Harper, said on Thursday.
  • Greek banking stocks soared more than 20 percent on Thursday amid market talk that secret opinion polls were showing that a government favourable to the international bailout agreement was likely to emerge after the June 17 election.
  • Central bankers are ready to ensure enough cash is flowing through the financial system if severe market strains emerge after the elections in Greece, which coincide with votes in Egypt and France, G20 officials said."The central banks are preparing for coordinated action to provide liquidity," said a senior G20 aide familiar with discussions among international financial diplomats.
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  • Britain did not wait for the elections to announce action. Bank of England Governor Mervyn King said the country would launch a scheme to provide cheap long-term funding to banks to encourage them to lend to businesses and consumers.
  • King said the euro zone's problems were causing a crisis of confidence in Britain that was leading to a self-reinforcing weaker picture of growth."The black cloud has dampened animal spirits so that businesses and households are battening down the hatches to prepare for the storms ahead," he said.
  • Faced with Greek defiance, officials said the euro zone would not tear up the main targets of the bailout no matter who wins the elections, but it might consider giving a new government in Athens some leeway on how it reaches them.
  • "The headline targets cannot be changed," one senior EU official told Reuters. "There could be some tweaks to the path to get there, but not the goals.
  • One euro-zone official said that the main concern, if SYRIZA overwhelmingly won the election, was the risk of large capital outflows from Greece if depositors worry their savings in euros could later be frozen or converted into new drachmas."It is not even about a bank run on Monday morning after the elections. People can now log on to Internet banking and make transfers on Sunday evening as well," an official said, explaining the rationale of the ministerial call.
  • Visiting Rome, Hollande called for the euro zone to adopt bold new mechanisms to insulate member states and their banks from market turmoil, such as a joint fund to pay down debt, putting him on a collision course with Berlin."We need imagination and creativity to find new financial instruments," Hollande told a news conference. "To deepen financial union, there are many options such as a financial transactions tax and joint debt issuance, including euro bonds, euro bills or a debt redemption fund."
  • However, Merkel rejected "miracle solutions" such as issuing joint euro bonds or creating a Europe-wide deposit guarantee scheme. Such proposals were "counterproductive" and would violate the German constitution, she told parliament.
  • She warned against overstraining the resources of Europe's biggest economy, saying: "Germany is putting this strength and this power to use for the well-being of people, not just in Germany but also t
Pedro Gonçalves

Obama's Nuclear Plans Face Daunting Obstacles - Council on Foreign Relations - 0 views

  • In the case of the CTBT, he needs the consent of countries like India, Pakistan, Iran, North Korea, Egypt, Brazil, Mexico, and any number of other countries who, historically, have lots of questions and concerns that make ratification less than a sure thing. I would guess it would be a long, long time, even if the United States got these agreements ratified--and in the case of Fissile Material Cutoff treaty, drafted--before they would ever come into force. And some people think never.
  • The Fissile Material Cutoff Treaty is supposed to be negotiated in Geneva at the Comprehensive Disarmament Talks. The Pakistanis are refusing to allow the matter to be brought up. And in the case of the Comprehensive Test Ban, you certainly have countries like Egypt that say, "We will approve but only if Israel joins the Nuclear Nonproliferation Treaty as a non-weapon state."
  • Critics of the CTBT claim that the Russians have a more liberal view as to what the ban prohibits. These critics fear that Russia thinks that you can have low-level nuclear tests and still be compliant with the CTBT. Well, the Congressional Commission report that was produced by former Defense secretaries James R. Schlesinger and William J. Perry said that this in fact was a serious enough concern that the five recognized states that have nuclear weapons--the United States, Britain, France, Russia, and China--needed to reach an agreement not only on what was allowed but what was clearly prohibited under the treaty
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  • In the FMCT you have another oddity. It only bans the production of highly enriched uranium and plutonium for military weapons. That means that you could still make those materials if you claimed they were for civil purposes.
  • It [the Fissile Material Treaty] only bans states that are non-weapons states from continuing to make materials. The problem is that if you are Iran and you're a non-weapons state, and you see weapons states being able to continue to make nuclear fuel for civil purposes under loose inspection procedures, you've got to raise your voice and say, "I don't even have weapons, why can't I make enriched uranium for civil purposes like the weapons states under the loose inspection procedures that they are obligated to? Why are you picking on me?"
  • There are three concerns raised by critics, and those are the three concerns that Republicans are going to focus on. The first is that the law currently requires the administration to lay out a ten-year plan with budget estimates about how they intend to keep our nuclear weapons reliable, safe, and up to date. The administration has not yet done this, as I understand it. So the Senate is going to ask for that almost certainly. Second, the numbers permitted are lower than what some people wanted them to be. The critics of this agreement are not happy that the numbers went a little bit lower than were forecast initially.
  • what you see in the press is that the number of warheads should be no more than 1,550, but they should be on delivery systems that when deployed are no more than seven hundred. You can have another hundred that are not operationally deployed. But we're told the counting rules for what constitutes a weapon are a little complex. A bomber, for example, carrying many bombs would only count as one weapon
  • both sides can engage in "limited missile defenses." The words "limited missile defenses" would be consistent with this treaty, and if one goes beyond limited missile defenses, [the other] would have the right to leave. So, first question is, "What is a limited defense program consistent with this treaty?"
Pedro Gonçalves

Iranian envoy: CIA involved in Neda's shooting? - CNN.com - 0 views

  • The United States may have been behind the killing of Neda Agha-Soltan, the 26-year-old Iranian woman whose fatal videotaped shooting Saturday made her a symbol of opposition to the June 12 presidential election results, the country's ambassador to Mexico said Thursday.
  • "This death of Neda is very suspicious," Ambassador Mohammad Hassan Ghadiri said. "My question is, how is it that this Miss Neda is shot from behind, got shot in front of several cameras, and is shot in an area where no significant demonstration was behind held?" He suggested that the CIA or another intelligence service may have been responsible. "Well, if the CIA wants to kill some people and attribute that to the government elements, then choosing women is an appropriate choice, because the death of a woman draws more sympathy," Ghadiri said.
  • Though the video appeared to show that she had been shot in the chest, Ghadiri said that the bullet was found in her head and that it was not of a type used in Iran. "These are the methods that terrorists, the CIA and spy agencies employ," he said. "Naturally, they would like to see blood spilled in these demonstrations, so that they can use it against the Islamic Republic of Iran. This is of the common methods that the CIA employs in various countries."
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  • But, he added, "I am not saying that now the CIA has done this. There are different groups. It could be the [work of another] intelligence service; it could be the CIA; it could be the terrorists. Anyway, there are people who employ these types of methods."
Pedro Gonçalves

US couple charged with spying for Cuba | World news | guardian.co.uk - 0 views

  • A retired US state department official with top security clearance, and his ­elderly wife, have been arrested and charged with spying for Cuba for 30 years.Walter and Gwendolyn Myers were so well regarded by Havana that several years ago they were rewarded with a secret meeting with Fidel Castro in Mexico.
Pedro Gonçalves

Calls grow within G8 to expel Italy as summit plans descend into chaos | World news | g... - 0 views

  • Preparations for Wednesday's G8 summit in the Italian mountain town of L'Aquila have been so chaotic there is growing pressure from other member states to have Italy expelled from the group, according to senior western officials.
  • In the last few weeks before the summit, and in the absence of any substantive initiatives on the agenda, the US has taken control. Washington has organised "sherpa calls" (conference calls among senior officials) in a last-ditch bid to inject purpose into the meeting.
  • "For another country to organise the sherpa calls is just unprecedented. It's a nuclear option," said one senior G8 member state official. "The Italians have been just awful. There have been no processes and no planning."
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  • "The Italian preparations for the summit have been chaotic from start to finish," said Richard Gowan, an analyst at the Centre for International Co-operation at New York University.
  • The behind-the-scenes grumbling has gone as far as suggestions that Italy could be pushed out of the G8 or any successor group. One possibility being floated in European capitals is that Spain, which has higher per capita national income and gives a greater percentage of GDP in aid, would take Italy's place.
  • "The G8 is a club, and clubs have membership dues. Italy has not been paying them," said a European official involved in the summit preparations.
  • Critics say Italy's Berlusconi government has made up for the lack of substance by increasing the size of the guest list. Estimates of the numbers of heads of state coming to L'Aquila range from 39 to 44."This is a gigantic fudge," Gowan said. "The Italians have no ideas and have decided that best thing to do is to spread the agenda extremely thinly to obscure the fact that didn't really have an agenda."
  • Silvio Berlusconi has come in for harsh criticism for delivering only 3% of development aid promises made four years ago, and for planning cuts of more than 50% in Italy's overseas aid budget.
  • The heavy criticism of Italy comes at a time when the future of the G8 as a forum for addressing the world's problems is very much in question. At the beginning of the year the G20 group, which included emerging economies, was seen as a possible replacement, but the G20 London summit in April convinced US officials it was too unwieldy a vehicle.
  • The most likely replacement for the G8 is likely to be between 13- and 16-strong, including rising powers such as China, India, Brazil, Mexico and South Africa, which currently attend meetings as the "outreach five" But any transition would be painful as countries jostle for a seat. Italy's removal is seen in a possibility but Spanish membership in its place is unlikely. The US and the emerging economies believe the existing group is too Euro-centric already, and would prefer consolidated EU representation. That is seen as unlikely. No European state wants to give up their place at the table..
Argos Media

Deal by Deal, China Expands Its Influence in Latin America - NYTimes.com - 0 views

  • As Washington tries to rebuild its strained relationships in Latin America, China is stepping in vigorously, offering countries across the region large amounts of money while they struggle with sharply slowing economies, a plunge in commodity prices and restricted access to credit.
  • In recent weeks, China has been negotiating deals to double a development fund in Venezuela to $12 billion, lend Ecuador at least $1 billion to build a hydroelectric plant, provide Argentina with access to more than $10 billion in Chinese currency and lend Brazil’s national oil company $10 billion. The deals largely focus on China locking in natural resources like oil for years to come.
  • China’s trade with Latin America has grown quickly this decade, making it the region’s second largest trading partner after the United States. But the size and scope of these loans point to a deeper engagement with Latin America at a time when the Obama administration is starting to address the erosion of Washington’s influence in the hemisphere.
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  • Mr. Obama will meet with leaders from the region this weekend. They will discuss the economic crisis, including a plan to replenish the Inter-American Development Bank, a Washington-based pillar of clout that has suffered losses from the financial crisis.
  • Meanwhile, China is rapidly increasing its lending in Latin America as it pursues not only long-term access to commodities like soybeans and iron ore, but also an alternative to investing in United States Treasury notes.
  • One of China’s new deals in Latin America, the $10 billion arrangement with Argentina, would allow Argentina reliable access to Chinese currency to help pay for imports from China. It may also help lead the way to China’s currency to eventually be used as an alternate reserve currency. The deal follows similar ones China has struck with countries like South Korea, Indonesia and Belarus.
  • As the financial crisis began to whipsaw international markets last year, the Federal Reserve made its own currency arrangements with central banks around the world, allocating $30 billion each to Brazil and Mexico. (Brazil has opted not to tap it for now.) But smaller economies in the region, including Argentina, which has been trying to dispel doubts about its ability to meet its international debt payments, were left out of those agreements.
  • Details of the Chinese deal with Argentina are still being ironed out, but an official at Argentina’s central bank said it would allow Argentina to avoid using scarce dollars for all its international transactions. The takeover of billions of dollars in private pension funds, among other moves, led Argentines to pull the equivalent of nearly $23 billion, much of it in dollars, out of the country last year.
  • China is also seizing opportunities in Latin America when traditional lenders over which the United States holds some sway, like the Inter-American Development Bank, are pushing up against their limits.
  • Just one of China’s planned loans, the $10 billion for Brazil’s national oil company, is almost as much as the $11.2 billion in all approved financing by the Inter-American Bank in 2008. Brazil is expected to use the loan for offshore exploration, while agreeing to export as much as 100,000 barrels of oil a day to China, according to the oil company.
  • The Inter-American bank, in which the United States has de facto veto power in some matters, is trying to triple its capital and increase lending to $18 billion this year. But the replenishment involves delicate negotiations among member nations, made all the more difficult after the bank lost almost $1 billion last year. China will also have a role in these talks, having become a member of the bank this year.
  • In February, China’s vice president, Xi Jinping, traveled to Caracas to meet with President Hugo Chávez. The two men announced that a Chinese-backed development fund based here would grow to $12 billion from $6 billion, giving Venezuela access to hard currency while agreeing to increase oil shipments to China to one million barrels a day from a level of about 380,000 barrels
  • Mr. Chávez’s government contends the Chinese aid differs from other multilateral loans because it comes without strings attached, like scrutiny of internal finances. But the Chinese fund has generated criticism among his opponents, who view it as an affront to Venezuela’s sovereignty. “The fund is a swindle to the nation,” said Luis Díaz, a lawmaker who claims that China locked in low prices for the oil Venezuela is using as repayment.
  • “This is China playing the long game,” said Gregory Chin, a political scientist at York University in Toronto. “If this ultimately translates into political influence, then that is how the game is played.”
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