Exclusive: U.S. threatens to derail meeting of Latam lender if China bars Venezuela

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Exclusive: U.S. threatens to derail meeting of Latam lender if China bars Venezuela
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Exclusive: U.S. threatens to derail the Inter-American Development Bank's annual meeting if Beijing bars a representative of Venezuelan opposition leader Juan Guaido from attending. China, the meeting's host, is one of Maduro's few remaining allies abroad

WASHINGTON - The United States on Thursday threatened to pull out of the annual meeting of the Inter-American Development Bank in China next week if Beijing refuses to allow a representative of Venezuelan opposition leader Juan Guaido to attend.

Several sources familiar with the situation told Reuters that China - one of the Venezuelan government’s few remaining international allies - had proposed not inviting representatives from either the Maduro or Guaido camps to “de-politicize” the meeting. The move likely would derail the meetings, which bring together finance and development ministers from the lender’s 48 member countries.

It is the first time the IADB is holding its annual meeting in China, which has become a major player in Latin America and has poured more than $50 billion into Venezuela over the past decade in oil-for-loan agreements. Guaido, who heads Venezuela’s national assembly, invoked the constitution to assume the interim presidency in January, saying Maduro’s election was not legitimate. Most Western countries, including the United States, have backed Guaido as Venezuela’s head of state.

The IMF said earlier on Thursday it was waiting for guidance from its member countries on whether to recognize Guaido. An IMF board meeting last week was delayed to allow for consultations by some European countries with their capitals on the matter.

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