Saturday, September 24, 2005

Chavez Spotlights Cooperatives In Venezuela

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Chavez Spotlights Cooperatives In Venezuela

Caracas, Sep 23 (PL) Venezuelan President Hugo Chavez is pinpointing the cooperative sector in the domestic economy as part of his plan to establish socialist production in that country.

At a ceremony where he commited funds to that sector, he said that after recruiting 300,000 cooperative workers through the ´Vuelva Caras´ program, he plans in 2006 to prepare another 700 thousand Venezuelans to labor cooperatively.

He specified that the funding for that and other social and development programs is obtained from recycling raw materials, oil and the recovery of tax income.

Chavez pledged 2006 State institution support to the tune of 1.5 billion dollars for the cooperative movement.

He said that this interest-free credit has financed 2,215 cooperatives and the figure should climb higher than 6,800 before the end of this calendar year.

The President asked cooperatives to separate a part of their production to solve community problems, and suggested the creation of food programs for the underprivileged.

Chavez is also boosting total suffrage and called for massive voting at the next election in December.

He said the US-supported opposition will do everything it can to stop the Revolution´s advance and preserve the capitalist mode of production.

Nevertheless, he said his party will clean up in the December 2006 elections, where they will win another six-ear term with 10 million votes out of 14.5 million.



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