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.
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