In Venezuela, where the economy is devastated, medicine and food are sorely lacking. To the point that President Nicolas Maduro decided to draw on the government's gold reserves to procure these products.
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Problem: these reserves are held, up to 31 tonnes, according to Reuters, by ... the Bank of England. And Britain believes that Nicolas Maduro, who is suspected of having skewed the elections that brought him back to power in 2018, is not legitimate. The central bank of Venezuela therefore ran up against the refusal of the British authorities at the beginning of May to pay it what it claimed, the equivalent of a billion dollars in gold. It has launched legal proceedings and, meanwhile, has concluded an agreement with the United Nations Development Program (UNDP).
The GDP of the world number one in oil reserves has collapsed in seven years under the calamitous management of Nicolas Maduro.The organization will receive the funds directly, which should allay British fears of possible corruption, Calixto Ortega, governor of the Venezuelan central bank, said on Thursday. Caracas, which counts only 11 deaths, is less affected than its neighbors in Latin America by the epidemic of Covid-19. But its hospitals are dilapidated. The GDP of the world number one in oil reserves has collapsed in seven years under the calamitous management of Nicolas Maduro. To cope with the pandemic, he had resolved to request $ 5 billion from the IMF, an organization he calls the valet of American imperialism. His request was rejected due to doubts about its legitimacy.
