The Venezuelan government’s move to close four private banks plunged the price of the Bolivar and the country’s widely trade 2027 global bond as jittery investors pulled money out of the financial system to put it overseas.

A water rationing regime began today in Caracas and may last as long as six months depending on climatic conditions. During this period, residents throughout the Venezuelan capital and other affected cities will go without running water for as long as 48 hours per week.

Ecuador’s President, Rafael Correa, along with 20 ministers and government officials traveled to Caracas on Wednesday for discussions with the government of President Hugo Chávez—one of three annual meetings between the two Andean countries.

Nearly thirty leaders from Africa and South America, led by Venezuelan President Hugo Chávez and Libyan President Mu’ammar al-Ghaddafi, met over the weekend in Venezuela at the second annual South America-Africa Summit.


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