Latin America

The Legacy of Hugo Chavez

Chavez’s significance lies in his attempts to liberalise the international monetary system with regard to credit support for poverty alleviation schemes in Latin America outside the ambit of the IMF by setting up the Caracas-based “Bank of the South”, which was lauded by eminent economists like Nobel laureate Joseph Stiglitz.

Prospects of India’s Energy Quest in Africa: Insights from Sudan and Nigeria

India has embarked on a policy to balance its need for accessing strategic energy resources from the African continent with Africa's aspirations for greater skills and sustainable development. Sudan has turned out to be the gateway for India's energy quest in Africa. India's age-old ties with Sudan have been crucial in accessing oil from the country. New Delhi's close relations helped to assuage the initial hiccups