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

by Reuters
Thursday, 11 April 2019 13:34 GMT

WASHINGTON, April 11 (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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