Latin American development bank CAF has proposed a $400-million credit line to V...
FILE PHOTO: Venezuelan opposition leader Juan Guaido, who many nations have recognised as the country's rightful interim ruler, speaks during a news conference in Caracas, Venezuela September 30, 2019. REUTERS/Carlos Garcia Rawlins
Juan Guaido, whom many nations recognize as Venezuela’s real leader following accusations that Maduro rigged a 2018 election, told parliament the proposed loan was intended to alleviate the effects of a crushing five-year recession. “Those who don’t pay don’t get loans,” Guaido said, ruling out the proposed CAF loan going to Maduro’s administration but without specifying the alternative arrangement.
CAF approved a $500-million credit line to Venezuela’s central bank in December, drawing criticism from opposition lawmakers for financing the “dictatorship.”
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