Venezuela has reached a deal with the U.N. Development Programme (UNDP) to destine part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said on Wednesday.
FILE PHOTO: People walk outside of the Venezuela's Central Bank in Caracas, Venezuela, January 31, 2018. REUTERS/Marco Bello
“It’s not my word, it’s not me saying that I am going to buy food, medicine and medical equipment,” Ortega said in an interview in his downtown Caracas office. “It’s the United Nations who is saying that. They are not going to be involved in anything dark that is not neutral and independent.” While those sanctions have slashed cash flow to the government, critics say corruption and misguided economic policies are the root causes of the collapse.
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