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In the article carried in Wednesday’s publication, headlined ‘Gov’t pressured to say how tax plan will be financed’, it was incorrectly stated that the Energy Stabilisation Fund was established for the forward purchase of oil from Venezuela under an agreement between both governments to buy back US$3.2 billion in debt, owed to the state-owned Petróleos de Venezuela SA (PDVSA) – through the PetroCaribe Development Fund – at a 54 per cent discount.
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