Published On: Thu, Apr 11th, 2019

World Bank preparing to aid Venezuela, leadership recognition up to shareholders: Malpass

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Protest against Venezuelan President Nicolas Maduro's government in Caracas
People display a huge Venezuelan flag as they take part in a protest against Venezuelan President Nicolas Maduro’s government in Caracas, Venezuela, April 10, 2019. REUTERS/Ivan Alvarado

April 11, 2019

WASHINGTON (Reuters) – The World Bank is preparing to get “deeply involved” in alleviating Venezuela’s worsening humanitarian crisis, but any decision to recognize opposition leader Juan Guaido as the country’s leader is up to World Bank shareholders, the bank’s new president said on Thursday.

David Malpass, who started as the multilateral development bank’s leader on Tuesday, told a news conference that Venezuela is “something of deep concern” to the World Bank.

“The World Bank will be deeply involved and we are preparing for that but the situation is still troublesome on the ground,” Malpass said.

(Reporting by David Lawder and Leika Kihara; Editing by Andrea Ricci)

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