IMF awaits decision on Venezuela government recognition

IMF awaits decision on Venezuela government recognition

In February, Venezuelan troops blocked US -backed aid convoys trying to enter from Colombia and Brazil.

Pence urged the United Nations to recognize Guaido and revoke Moncada's credentials as the Maduro government representative.

Venezuela's President Nicolas Maduro gives a speech during a rally in support of his government in Caracas, Venezuela April 6, 2019. The subject of humanitarian relief has become tense in Venezuela following a standoff over aid between Maduro's government and opposition leader Juan Guaido.

The IMF and the World Bank have stated they are ready to move quickly to help ease Venezuela's humanitarian crisis, but the issue of leadership is standing in the way, Inveting.com reported.

In his announcement Wednesday, Maduro said this new aid campaign should be "managed without political maneuvering, without farcical politicization and through the channels of legality and respect".

Guaido says hundreds of thousands of Venezuelans are in urgent need of food and medicine. That leaves people's wages all but worthless.

Sen. Rick Scott, R-Fla., is urging USA military action to get aid into Venezuela, the Tampa Bay Times is reporting.

The government is saddled with a drop in revenue from oil - the source of 96 percent of its hard currency - and its banishment from financial markets because of United States economic sanctions.

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Pence then went on to urge the body to strip Moncada of his credentials, saying it should instead allow opposition leader Juan Guaidó, recognized by the US and most other Western democracies as the country's rightful president, to send his own ambassador.

Vice President Mike Pence, in an address to the UN Security Council on Wednesday, encouraged more countries to join the coalition in support of Guaido. "You should return to Venezuela and tell Nicolas Maduro that his time is up".

"For the peace and security of our hemisphere, the world and the United Nations must stand with the people of Venezuela".

"I can not understand his arrogance and self-importance, his racial supremacism", Maduro said. Washington, meanwhile, continues to introduce new sanctions to cripple Venezuela's oil exports and prevent the Latin American nation from conducting trade.

The visit comes as Washington considers more sanctions against Maduro's government and pushes Russian Federation to remove its troops from Venezuela.

Venezuela's Ambassador Samuel Moncada stated the obvious, that this is a threatened U.S. invasion, and urged the council to do something to "stop this war of Donald Trump".

Some 3.4 million Venezuelans have left the country and the United Nations predicts that will rise to some 5 million by the end of the year.

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