Iranian President Ahmadinejad has pledged 1 billion dollars for the development of Bolivia’s economy.

French Foreign Minister Bernard Kouchner has apologized to his Iranian counterpart over a media “misportrayal” of his recent warning about bracing for war with Iran over its nuclear program.

The leaders of Iran and Venezuela cemented an alliance aimed at countering imperialism while the Iranian president said he is pleased with a new ally in Bolivia and declared that together, “no one can defeat us.”