IDB cancels annual meeting after China vetoed Guaidó dolphin

The Inter-American Development Bank (IDB) has announced the cancellation of its scheduled annual meeting in China next week following a short circuit between Beijing and Washington. Another collateral effect of the trade war that has the world in suspense?

For the moment, the cancellation comes after Vice President Mike Pence has accused China of refusing the visa to the delegate appointed by Juan Guaidó to represent Venezuela at the summit.

"The Board of Directors of the Inter-American Development Bank (IDB) has approved a resolution that the annual meeting of Governors' Assemblies will not be held in Chengdu (People's Republic of China) from March 28 to 31, 2019", did he declare. bank in a brief statement to the press.

In this context, the agency indicated that she "will present her recommendations regarding the venue and dates of the 2019 annual meeting within 30 days".

It should be remembered that the Inter-American lending institution last week became the first multilateral financial institution to recognize Guaidó as the legitimate president of Venezuela, when it approved a resolution approving the appointment of Hausmann.

However, the drop that spilled out of the glbad came from Washington. In a column of opinion, Pence said that the Chinese authorities had refused him the visa of Ricardo Hausmann, representative of Venezuela, appointed by Guaidó, who led a hard struggle for power with Venezuelan President Nicolás Maduro.

The United States and more than 50 countries are calling for the removal of the power of Hugo Chávez, who they reelect illegitimate, for which they recognize the status of interim president, Mr. Guaidó, who, until 23 January, was head of parliament and seeks to lead a new elections transitional government

A not insignificant fact in this diplomatic and financial mess is that China is the main creditor of Venezuela. Over the past decade, Beijing has provided over $ 60,000 million in credit to Caracas, of which the South American country still owes about $ 20,000, paid for by oil.

For its part, Washington has 30% of the vote on the IDB's board of directors, compared to 50% for members in Latin America and the Caribbean, against 11% for Argentina and Brazil.