Venezuelan Finance minister Nelson Merentes has kept his promise to buy any debt bonds Argentina may issue. Venezuela has injected new petro-dollars into Nestor Kirchner's administration through a debt purchase transaction that has become known to Venezuelans in an official Argentine bulletin. In a joint resolution of the departments of Finance and Treasury on February 9th, Venezuela undertook to purchase in full an Argentine debt bond issuance for around $308 million. Once this transaction is completed, Hugo Chàvez' administration will have bought $2.1 billion in Argentine debt bonds, thus becoming a major investor for Buenos Aires.
Finance: Venezuela keeps promise and buys more Argentine debt bonds