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Chavez Lavishes Oil Wealth on Neighbors

In bid to undercut IMF, Chavez becomes Latin America's banker

By Heather McPherson,  Newser User

Posted Aug 9, 2007 8:53 AM CDT

(Newser) – Venezuelan President Hugo Chavez is spreading hundreds of millions of oil dollars around South America in an effort to limit the influence of the International Monetary Fund and forge a strong alliance. Chavez began a four-nation tour in Argentina referring to the IMF as "...   Read full story »

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