Govt of Venezuela sets up Vice Ministry of Supreme Social Happiness
The government of Venezuela set up Vice Ministry of Supreme Social Happiness to tackle sadness in the people of the country. The focal role of the agency will be to coordinate all anti-poverty missions initiated by the late President Hugo Chavez to eradicate poverty.
Oil-rich Venezuela has been running short of basic goods and medical supplies for a long time. The rate of annual inflation is alarmingly at aorund 50% and the US dollar is valued at more than seven times the official rate on the black market.
President Nicolas Maduro, who took to the office after the death of previous President Hugo Chavez, blames the shortages on speculation and hoarding, but businessmen say they would face terrible losses if they adhered to government price controls.
Categories: International Current Affairs 2017