In June 2009 Antigua and Barbuda became a formal member of the Bolivarian Alliance for the Americas (ALBA) international cooperation organization and the Caribbean oil alliance Petrocaribe.

In 2009 Antigua and Barbuda received US$50 million from Venezuela.

After American billionaire Allen Stanford's banks failed, Chávez sent financial assistance to Antigua and Barbuda, which was dependent on Stanford's investment when his business empire collapsed.

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