IDB recognizes Venezuela representative designated by Guaido

March 15, 2019
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National Assembly President Juan Guaido, who declared himself interim president of Venezuela, visits different points of anti-government protest in Caracas, Venezuela, Tuesday, March 12, 2019. Guaido has declared himself interim president and demands new elections, arguing that President Nicolas Maduro's re-election last year was invalid. (AP Photo/Ariana Cubillos)

WASHINGTON (AP) — Inter-American Development Bank governors approved Friday a resolution recognizing a new Venezuela representative designated by opposition leader Juan Guaido.

The IDB said in a press release that the designation of Ricardo Hausmann as Venezuela’s representative to the lender is effective immediately.

The electronic voting on the resolution will be open until Friday evening, but by mid-morning there were already a sufficient number of votes to enable Hausmann, the IDB’s first chief economist, to replace treasury vice minister Oswaldo Perez, an official loyal to President Nicolas Maduro.

The IDB did not say what would happen to Armando Leon, another government loyalist who currently serves as one of the bank’s 14 executive directors.

A message requesting comment from Leon’s office was not immediately returned.

The IDB was the first international financial organization to recognize Guaido as the legitimate president of the South American country, a stand taken by the U.S. and about 50 other countries that contend Maduro’s re-election last year was rigged.

Bank governors are usually based in their home countries and meet once a year. Their next general assembly will be held from March 28-31 in Chengdu, China.

Guaido has not designated representatives to the International Monetary Fund nor the World Bank, and neither body has recognized him as Venezuela’s leader.


Luis Alonso Lugo on Twitter: http://www.twitter.com/luisalonsolugo

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