The Inter-American Development Bank on Friday voted to replace the representativ...
WASHINGTON - The Inter-American Development Bank on Friday voted to replace the representative of Venezuelan President Nicolas Maduro with an economist backed by opposition leader Juan Guaido, in a major setback for the Maduro government.
Guaido, who has been recognized as the OPEC country’s legitimate leader by most Western countries, including the United States and many in Latin America, named Harvard University economist Ricardo Hausmann as his representative to the IADB, forcing a vote by the lender’s 48-member board of governors just two weeks before its annual meeting in China.
The Washington-headquartered lender is led by a former Colombian ambassador to the United States, Luis Moreno. A board meeting, which was scheduled for Thursday, was delayed at the request of several European countries, which needed to consult with their governments, the sources said. Maduro, who took over as president in 2013 and was re-elected last year in a vote widely viewed as fraudulent, blames Venezuela’s crisis on a U.S.-backed sabotage campaign. His opponents say his socialist policies have caused the economic meltdown.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Regional lender to vote on Venezuela's opposition representativeForty-eight member countries of the Inter-American Development Bank will vote ov...
Read more »
Maduro and Guaido hold rival rallies amid huge blackout in VenezuelaVenezuela's embattled president and his opposition rival held dueling rallies in the capital Caracas on Saturday as the country struggled with an ongoing power outage.
Read more »
Venezuela's Guaido to lead rally as blackout lingersVenezuelan opposition leader Juan Guaido on Saturday will lead a rally in the ca...
Read more »
Venezuela's Guaido readies to open up oil industry after years of nationalizationVenezuelan congress head Juan Guaido is preparing a groundbreaking reversal of l...
Read more »
Venezuela's Guaido moves to re-open energy industry: documentVenezuela's interim government led by congress head Juan Guaido is preparin...
Read more »
The Latest: Venezuela's Guaido probed over power outageBREAKING: Venezuela's chief prosecutor Tarek William Saab says he's launched an investigation into opposition leader Juan Guaido over suspicions he was involved in an attack on the country's power grid.
Read more »
Anti and pro-Maduro rallies underway in Caracas – Venezuela crisisUS and dozens of other countries recognise opposition leader Juan Guaido as oil-rich country's interim leader against President Nicolas Maduro, who refuses to step down and accuses Guaido of being a US puppet.
Read more »
Despite pressure, Venezuela's Maduro seems set on staying put: U.S. envoyThere are no signs that Venezuelan President Nicolas Maduro is open to negotiati...
Read more »
Venezuela enters fourth day of blackout as Maduro blames U.S. for power outageVenezuelans woke up to a fourth day of an unprecedented nationwide blackout on S...
Read more »