Robert Zoellick, possible new head of World Bank, warns Venezuela that leftist Chavez led government will ruin the country. Government anti-liberal policies are pushing economy on the limbo as it’s causing to alienate country from the outer world.
Zoellick said:
“It’s a country where economic problems are mounting, and as we’re seeing also on the political and press side it’s not moving in a healthy direction,”
It is notable that Chavez has pulled the country out from international institutions like IMF and World Bank and also nationalized country’s national bank and petroleum refineries. Zoellick asserted that World Bank has no dearth of nation to follows’ banks norms and added that
“If a country feels it doesn’t need or want the services of the international financial institutions, that’s their choice,”
Venezuela is a world No five oil exporter and this move added a fumes in the surging oil prices. Most of the foreign oil drillers had been thrown out from the country. American-led international communities threaten Chavez, but nothing could stop him for walking on the rout of socialism.
Chavez alleged that the World Bank is a tool of the United States that keeps poor nations in debt and president has set up a commission to examine leaving the institution.
Robert Zoellick a close ally of the president Bush is an American choice for the World Bank chief, after the dark chapter of Wolfowitz was closed. Zoellick, a former US trade representative and deputy secretary of state, is expected to be confirmed before the end of the month.
While illuminating on his objectives for his tenure as a head of Bank Zoellick asserts that he wants to withdraw Venezuela from the World Bank and the International Monetary Fund, blaming their decades-old economic recipes of tight budget control, privatisations and open markets for poverty across Latin America. He also added that under his succession World Bank will focus on rebuilding in war-torn countries like Sudan, Haiti and Afghanistan.
Image: USembassy
Via: Taipeitimes
