Day: January 26, 2019

Venezuela’s Guaido considering request for funds from IMF -sources

Tina Marie (Ms. Cat)

CARACAS, Jan 25 (Reuters) – Venezuela opposition leader Juan Guaido, who has proclaimed himself interim president with U.S. support, is considering a request for funds from international institutions including the IMF to finance his interim government, two sources said.

Guaido’s team is planning to name a new board to state-run oil firm PDVSA’s U.S. unit Citgo Petroleum and a new representative to the Inter-American Development Bank, two sources familiar with the discussions said.

Guaido does not yet have control of the state’s functions, which remain loyal to Venezuelan President Nicolas Maduro. (Reporting by Corina Pons and Brian Ellsworth Editing by Angus Berwick)
— Read on www.reuters.com/article/venezuela-politics-guaido/venezuelas-guaido-considering-request-for-funds-from-imf-sources-idUSL1N1ZP0TH

Refiner Citgo prepares to fend off Venezuela’s opposition government | Reuters

Tina Marie (Ms. Cat)

* Maduro says to defend U.S. refiner Citgo as Venezuelan property

* Citgo board retreats to Bahamas to plan legal moves

* Citgo strategy to avoid U.S. attempts to divert revenues

* PDVSA unit Citgo is biggest U.S. importer of Venezuelan crude

By Marianna Parraga and Corina Pons

MEXICO CITY/CARACAS, Jan 25 (Reuters) – Venezuela’s most important foreign asset, its $10 billion U.S. refining arm Citgo Petroleum, is hunkering down to arm itself with a legal strategy to block efforts for its board to be removed and its revenues diverted to an opposition government, sources close to the talks said.

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