Inter-American Development Bank leaves China in Venezuela row

Inter-American Development Bank leaves China in Venezuela rowThe Inter-American Development Bank said Friday its annual meeting would exit China after the United States led objections to Beijing’s refusal to grant a visa to the Venezuelan representative backed by Washington. The bank, which provides development funding for Latin America and in which Washington holds 30 percent of voting power, said it would no longer gather in the southwestern city of Chengdu from March 28 to 31 in what would have been its first annual meeting in China. The decision marks a two-front victory for the United States which is trying to oust Venezuela’s leftist President Nicolas Maduro and to reduce Chinese influence in Latin America.



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