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IMF does not recognize Guaido as Venezuela's interim president

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Christian Fernsby |
Juan Guaido
LatAm   It has to be a large majority of the membership

Majority of the IMF executive committee members failed to recognize Juan Guaido as “interim president” of Venezuela.

The director of the International Monetary Fund (IMF), Christine Lagarde, said Saturday that majority of the organization’s executive committee membershave failed to recognize opposition lawmaker Juan Guaido as the “interim president” of Venezuela.

“It has to be a large majority of the membership actually recognizing diplomatically the authorities that they regard as legitimate,” Lagarde said in a press conference at the IMF and World Bank spring meetings in Washington.

This sets back the effort of U.S. Treasury Secretary Steven Mnuchin who said Saturday that he had had discussions with the IMF about the process for recognizing Guaido as Venezuela’s leader.

“There were discussions we had this week at the IMF about that, and what their process would be to do that,” he said.


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