The US controlled Inter-American Development Bank has removed the representative of Venezuela’s elected government and replaced him with a so-called appointee of unelected US puppet Guaido. The United States is Inter-American Development Bank’s largest shareholder.…The next logical steps in the US coup of Venezuela would be imprimaturs of IMF and World Bank. In 2002’s US attempted coup of Venezuela IMF immediately announced its support for the new dictator. Unfortunately for IMF, the 2002 coup failed in only 48 hours. Not deterred, in Feb. 2015 the US attempted to assassinate Pres. Maduro–which also failed. 2017 to present–Unfortunately for Venezuela, Ivanka loves IMF and World Bank. Not that Ivanka has been elected to anything by Venezuelans or even Americans in one of those “free and fair elections" the US preaches about.
Image, “Christine Lagarde (L), Managing Director and Chairwoman of the International Monetary Fund (IMF), speaks next to White House Presidential Advisor Ivanka Trump at the 55th Munich Security Conference in Munich, southern Germany, on February 16, 2019.” AFP, Getty
3/15/19, “LatAm lender replaces Venezuela’s Maduro representative with Guaido economist,” Reuters, Lesley Wroughton, 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.
The decision makes the IADB, Latin America’s largest regional lender, the first financial institution to recognise Guaido and would eventually free up development lending to Venezuela if Maduro steps down.
Guaido, who has been recognised 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 United States, which is the IADB’s largest shareholder, has said that billions of dollars of financing from multilateral banks will be needed to rebuild Venezuela’s economy, which has been crippled by hyperinflation, food and medicine shortages, and a collapse of the country’s power grid.
The IADB said in a statement the appointment of Hausmann was effective immediately. A sufficient number of members had voted “to meet the requirements of quorum and favourable votes for a decision,” it said.
The Washington-headquartered lender is led by a former Colombian ambassador to the United States, Luis Moreno. Hausmann is a former chief economist of the IADB and was previously minister of planning for Venezuela and a member of the country’s central bank board.
Meanwhile, the International Monetary Fund’s 24-member executive board agreed to delay a discussion on recognising Guaido until next week, board sources with knowledge of discussions told Reuters.
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.
The IMF’s seal of approval for Guaido would further alienate Maduro from the global financial community and allow Venezuela to negotiate a financial lifeline if he steps down.
IMF approval would also allow the World Bank, the world’s largest development institution, to make a decision on Guaido. Maduro, who took over as president in 2013 and was re-elected last year in a vote [allegedly] 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.
Maduro retains the support of China, Russia and some regional countries, including Cuba and Bolivia, whose leftist President Evo Morales criticized foreign meddling in Venezuela earlier on Friday.
The U.S. special envoy for Venezuela, Elliott Abrams, said the IADB’s decision would allow the opposition to prepare a plan for rebuilding Venezuela’s economy and infrastructure.
“The IDB has clearly a leading role in the recuperation of the Venezuelan economy, when we think of things like the electric sector, the energy sector, which are in bad shape,” Abrams told reporters at the State Department, saying that Hausmann would be in a position to help develop a plan for Venezuela’s economy as the country’s representative.
Abrams said oil production of Venezuela was declining slowly and is likely to fall below 1 million barrels per day within a “month or two,” down from roughly 1.2 million-1.4 million barrels per day in late 2018.”
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Added: Naturally the so-called Inter-American Development Bank claims that enriching CO2 profiteers is the way to help millions of poor people:
8/9/2018, “IDB to join new Caribbean Climate-Smart Accelerator to facilitate $1 billion of investments”
“BACKED BY 26 CARIBBEAN GOVERNMENTS AND THE PRIVATE SECTOR, THE ACCELERATOR WILL FAST-TRACK INVESTMENTS WHICH SUPPORT CLIMATE ACTION AND ECONOMIC GROWTH"
“The Inter-American Development Bank announced today that it will partner with the Caribbean Climate-Smart Accelerator to program and implement the additional $1 billion in funds that it pledged for climate smart-investments across the Caribbean region at the Paris One Planet summit on December 12, 2017.
This additional funding will build on an existing portfolio of over $200 million for work across the Caribbean region either directly, or through the Caribbean Development Bank. The idea is to support innovative solutions focusing on low carbon emissions, sustainable infrastructure, and energy efficiency projects.
During the next three years, the IDB will provide $3 million as start-up funds to the Accelerator for the implementation of the Caribbean Climate-Smart initiative, with the first $1.5 million available this year.
The Caribbean Climate-Smart Accelerator (https://www.caribbeanaccelerator.org/ ) is an entrepreneurial engine that catalyses and fast-tracks priority initiatives towards a “climate-smart” zone, delivering resilience, social development and broad-based economic growth for the Caribbean.
Over the next five years, the Accelerator will do so by identifying and uniting commitments to building a more sustainable and resilient future for Caribbean nations through collaboration between national governments, regional and international institutions as well as public and private sector organizations.
Nearly thirty Caribbean government heads and some of the largest global companies, financial institutions, and foundations have joined the Accelerator in response to catastrophic damage caused by several major hurricanes during 2017. Forty public and private sector organizations have joined the Accelerator’s wider coalition of partners, including Microsoft, Breakthrough Energy Coalition, Clinton Foundation, GSMA, The Nature Conservancy, Tesla, The Virgin Group, Willis Towers Watson, the World Bank, and the Caribbean Development Bank.
Given the very real need throughout the Caribbean region for low-cost, blended finance and contingent credit facilities, the IDB will work closely with the Accelerator to further develop catalytic climate risk insurance and resiliency instruments, building on the IDB’s recent commitment of $500 million to support Barbados, Jamaica, Suriname, and The Bahamas with a contingent credit line for immediate budget support in the aftermath of natural disasters.
These activities are being complemented by initiatives from the IDB’s Multilateral Investment Fund (MIF). For example, MIF is exploring the financing of vetiver grass as a bio-engineering climate-smart solution to reduce land slippage and soil erosion. A green technology like vetiver grass can reduce environmental and property damage, as an alternative to traditional hard-engineered solutions.
IDB President Luis Alberto Moreno was joined by Jamaica’s Prime Minister Andrew Holness and Virgin Group Chairman Sir Richard Branson at the August 9 launch event in Kingston, Jamaica. IDB President Moreno stated: “The IDB Group reaffirms its commitment to the Caribbean and will work with leaders of the region to improve lives by creating climate-smart and vibrant economies, where people are safe, productive, and happy. Through this Climate-Smart Accelerator, in addition to offering new affordable financing, we will use the IDB’s extensive regional experience and presence on the ground to work closely with the people of the region to design their Caribbean of the future, today.”
About the IDB
The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.”
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