Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
World Bank preparing to aid Venezuela, leadership recognition up to shareholders: Malpass
Source: Reuters
BUSINESS NEWS APRIL 11, 2019 / 9:39 AM / UPDATED 2 HOURS AGO
World Bank preparing to aid Venezuela, leadership recognition up to shareholders: Malpass
WASHINGTON (Reuters) - The World Bank is preparing to get “deeply involved” in alleviating Venezuela’s worsening humanitarian crisis, but any decision to recognize opposition leader Juan Guaido as the country’s leader is up to World Bank shareholders, the bank’s new president said on Thursday.
David Malpass, who started as the multilateral development bank’s leader on Tuesday, told a news conference that Venezuela is “something of deep concern” to the World Bank.
“The World Bank will be deeply involved and we are preparing for that but the situation is still troublesome on the ground,” Malpass said.
Reporting by David Lawder and Leika Kihara; Editing by Andrea Ricci
World Bank preparing to aid Venezuela, leadership recognition up to shareholders: Malpass
WASHINGTON (Reuters) - The World Bank is preparing to get “deeply involved” in alleviating Venezuela’s worsening humanitarian crisis, but any decision to recognize opposition leader Juan Guaido as the country’s leader is up to World Bank shareholders, the bank’s new president said on Thursday.
David Malpass, who started as the multilateral development bank’s leader on Tuesday, told a news conference that Venezuela is “something of deep concern” to the World Bank.
“The World Bank will be deeply involved and we are preparing for that but the situation is still troublesome on the ground,” Malpass said.
Reporting by David Lawder and Leika Kihara; Editing by Andrea Ricci
https://www.reuters.com/article/us-imf-worldbank-venezuela/world-bank-preparing-to-aid-venezuela-leadership-recognition-up-to-shareholders-malpass-idUSKCN1RN1TH
