GEORGETOWN, Aug 3, 2007 (AFP) - President Hugo Chavez's philanthropy -- made possible with money from Venezuela's bountiful oil reserves -- received two new beneficiaries Friday: Argentina and Guyana.

Venezuela has agreed to pay two million dollars to build a homeless shelter in its dirt-poor neighbor Guyana, the Guyanese foreign minister Rudy Insanally said Friday, in the latest of several charitable moves by Caracas.

The grant for the shelter, which the minister said was announced by visiting Venezuelan Deputy Foreign Minister Rodolfo Sanz, could be delivered to Guyana as early as next week.

The two sides also agreed to revive talks on a range of cooperation areas, Insanally told AFP.

The Venezuelan leader also is to visit Buenos Aires on Monday with promises to help Argentina financially by buying millions of dollars' worth of debt bonds, the Venezuelan embassy in the Argentine capital told AFP.

The moves are the latest in a series of donations by Venezuela under its fiercely anti-US, leftist leader Hugo Chavez, a self-styled champion of the poor.

Venezuela has perhaps been most generous to Cuba. Chavez, a longtime admirer and acolyte of Havana's revolutionary leader Fidel Castro, has tried to help bolster the country's foundering command economy with monetary and oil aid.

But the reach of his generosity, extending ever wider, sometimes seems calculated to annoy the conservative administration of US President George W. Bush.

In March 2006, Chavez offered up to a 40 percent discount on the price of heating oil imported from Venezuela to poor residents in parts of the northern United States.

In May of this year, Chavez welcomed US actor Danny Glover to Venezuela and gave him 18 million dollars to finance a film on Toussaint Louverture, one of the fathers of Haiti's independence from France in 1804.

The film is one of the first projects by a Venezuelan film institute the Chavez administration created last year to do battle with what it termed 'the Hollywood film dictatorship.'

This month Chavez also hosted US actor Sean Penn, an open critic of the policies of the Bush administration.

During his visit to Guyana, Sanz invited Guyanese President Bharrat Jagdeo to a summit of PetroCaribe, the oil alliance between Venezuela and Caribbean countries, to be held August 9-10 in Venezuela.

Venezela and Guyana also agreed to hold a meeting on cooperation in agriculture, health, fisheries and other areas in the last quarter of 2007.

After meeting on Monday with Argentine President Nestor Kirchner to discuss economic and energy ties, Chavez will move on to visit Bolivia and Uruguay, officials in Caracas said.

It was not clear, however, whether Chavez will be bearing gifts to those countries as well.