Word: venetiaan
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Though peace holds at the moment, international donors are reluctant to resume large-scale aid until the government of President Ronald Venetiaan puts its tottering economic house in order. Production is in decline, the unemployment rate tops 20% and per capita annual income is only $500. Rather than risk public unrest, the government provides generous subsidies for fuel, food, water and telephone service. But the budget now exceeds revenues by 150%, and the government has been looking for easy sources of foreign exchange...
...MUSA group boldly asked for timber rights to more than 15 million acres of Suriname, nearly one-third of the country. The Venetiaan administration avoided a messy political debate by instead granting a smaller concession of 375,000 acres near the Guyana border. MUSA then began logging without specifying how it will abide by Suriname's strict forestry code. Experts claim that the only profitable way to harvest MUSA's particular stretch of rain forest would be to clear-cut the region, leaving behind a wasteland. Other Asian interests have also put in timber bids. The Malaysian investment group Berjaya...
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