Bolstered by windfall oil profits, Venezuelan president Chávez's government is now offering more direct financial aid to Latin America and the Caribbean than the United States. This article states Venezuela pledged more than $8.8 billion in aid, financing, and energy funding for its neighbours so far this year.
Compare that to the $3 billion of US grants and loans reaching the same region in 2005, and you can see who gains more influence...!
Add to this, a previous news round-up showing the UAE investing $10 billion USD in an education package, and you easily see international (financial) aid shifting from the US and IMF's lead "Western Alliance" to... well, to others... Good! Hopefully the same will happen also with the economical power in the world!
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