NED Report: International Agencies Fund Venezuelan Opposition with $40-50 Million Annually

A revealing report published in May 2010 by the FRIDE Institute, a Spanish think tank, prepared with funding from the World Movement for Democracy (a project of the National Endowment for Democracy, or NED), has disclosed that international agencies are funding the Venezuelan opposition with a whopping $40-50 million USD annually.

This exorbitant amount of financing well exceeds the approximately $15 million USD previously believed to have been channeled to Venezuelan opposition groups via the United States Agency for International Development (USAID) and the NED.

The authors of the revealing report recognize that “international assistance” for political groups in Venezuela did not begin until 2002, after the Chavez government began implementing a series of major reforms. “The presence of large international donors engaged in democracy promotion, particularly the donors based in the US (including the Carter Center, the International Republican Institute (IRI), the National Democratic Institute (NDI), the Open Society Institute (OSI), the Pan American Development Foundation (PADF), USAID and the National Endowment for Democracy (NED) and multilateral institutions (OAS and EC) is closely linked to the Chavez presidency… Their political engagement began in the aftermath of the new Bolivarian Constitution, approved by popular consultation in 1999, which was the starting point of Chavez’s Revolution and Socialism of the 21st Century… Many civil society organizations emerged in 2002 – the year of the attempted coup…”

http://venezuelanalysis.com/analysis/5441

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