Chavez offers billions in Latin America

CARACAS, Venezuela - Laid-off Brazilian factory workers have their jobs back, Nicaraguan farmers are getting low-interest loans and Bolivian mayors can afford new health clinics, all thanks to Venezuelan President Hugo Chavez.

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Bolstered by windfall oil profits, Chavez's government is now offering more direct state funding to Latin America and the Caribbean than the United States. A tally by The Associated Press shows Venezuela has pledged more than $8.8 billion in aid, financing and energy funding so far this year.

While the most recent figures available from Washington show $3 billion in U.S. grants and loans reached the region in 2005, it isn't known how much of the Venezuelan money has actually been delivered. And Chavez's spending abroad doesn't come close to the overall volume of U.S. private investment and trade in Latin America.

But in terms of direct government funding, the scale of Venezuela's commitments is unprecedented for a Latin American country.

Chavez's largesse tends to benefit left-leaning nations that support his vision of a Latin America with greater independence from the United States. But he denies the two countries are in a competition.

"We don't want to compete with anyone. I wish the United States were 100 times above us," Chavez told the AP in a recent interview. "But no, the U.S. government views the region in a marginal way. What they offer is a pittance sometimes, and with unacceptable pressures that at times countries can't accept."

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