México

Guyana

Trinidad
& Tobago




Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

Venezuela's Guaido pushes to name new representative to regional lender


 

 

Por Reuters

WASHINGTON
Petroleumworld 03 05 2019

Venezuelan opposition leader Juan Guaido named Harvard University economist Ricardo Hausmann as the country's representative to the Inter-American Development Bank (IADB), Guaido's envoy to the United States said on Monday.

The regional lender confirmed it had received a letter from Guaido naming Hausmann and said it was considering how to proceed.

“We've received the letter and are determining next steps,” a bank official told Reuters.

Venezuela poses a tricky problem for the Washington-based lender, whose charter prevents its board from discussing internal political issue of member states. If the board agrees to accept Guaido's representative, it would be the first financial institution to make such a move.

Guaido has not yet named representatives to the World Bank or International Monetary Fund, two other multilateral institutions whose support would be key to turn around the Venezuela's economy, which is plagued by hyperinflation and shortages of basic goods.

Guaido, who calls socialist President Nicolas Maduro a usurper after Maduro won re-election in a May 2018 vote widely seen as fraudulent, invoked the constitution to assume an interim presidency in January. He has been recognized as the OPEC nation's legitimate leader by most Western countries, including the United States.

Maduro has denounced Guaido as a U.S. puppet who is seeking to foment a coup.

Hausmann, an economics professor at Harvard's Kennedy School of Government, served as Venezuela's planning minister and as a member of the board of the country's central bank in the 1990s. He has also served as the country's governor for the IDB and World Bank, and was the IDB's chief economist for several years.

“We continue moving closer to getting our country back and ending the suffering of the Venezuelan people,” Carlos Vecchio, Guaido's envoy to the United States, wrote on Twitter, posting a letter to the IADB's board dated Feb. 28 naming Hausmann governor.

In his bid to challenge Maduro's power, Guaido has effectively begun to create a parallel government by naming his own ambassadors to several key countries as well as boards of directors for state-owned oil company PDVSA and Citgo, its U.S. refining subsidiary.

In a tweet on Jan. 23 - the day Guaido took the oath of office - IADB President Luis Alberto Moreno recognized Guaido as Venezuela's interim president and said the bank was “willing to work with him” to support Venezuela's development.

Venezuela's current IADB governor is Oswaldo Javier Perez Cuevas, an official in the country's finance ministry, according to the IADB'S website. The Washington-based lender invests in infrastructure and other development projects throughout Latin America and the Caribbean.

Hausmann did not immediately responded to a request for comment. A source close to the Venezuelan opposition said Hausmann's appointment still had to be confirmed by the country's National Assembly, which is currently led by Guaido.

Venezuela's Information Ministry, which handles media requests on behalf of the government, did not immediately respond to a request for comment.

 

________________________

Reporting by Luc Cohen and Lesley Wroughton; Additional reporting by Mayela Armas in Caracas; editing by Jonathan Oatis and Lisa Shumaker from Reuters.

reuters.com 03 04 2019

Petroleumworld

Llegue a su target-publicitese con nosotros

Twitter: @petroleumworld1


 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher: Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2019, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2019, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.