Venezuela Pulling out of IMF, World Bank


Update Venezuela Pulling out of IMF, World Bank 7 May 2007 Chavez said that the Bank of the South will be Latin America's newest source of lending and that it will be run by countries in the region. President Hugo Chavez announced that Venzuela is going to pull out of the World Bank and the International Monetary Fund. Leaders from Bolivia, Nicaragua, Cuba and Haiti, together with Chavez predicted that "sooner or later, those institutions will fall due to their own weight." See the press release: Venezuela pulling out of IMF, World Bank by Jorge Rueda, May 01, 2007 (Associated Press Web Site) See also Bank of the South Print this page Email this page		Search Regions Africa Asia Europe/Central Asia Latin America Middle East and North Africa Institutions AfDB ADB Bank of the South EBRD IDB IFC IMF MIGA World Bank Key Issues Accountability Debt Energy & Extractive Industries Environmental & Social Policies IFI Governance Infrastructure Trade Transparency U.S. Government Oversight Stay Informed! Sign up for our e-newsletters. Sign up

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