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CGD in the News

Chavez pulls out of IMF, World Bank

May 2, 2007

Senior fellow Liliana Rojas-Suarez is quoted in this article about Venezuelan President Hugo Chavez's decision to remove his country from partnerships with the World Bank and IMF.

From the article:

Liliana Rojas-Suarez, a former IMF official now with the Washington-based Center for Global Development think tank, said Chavez's move is consistent with his vision of creating a system independent of US influence.

"This is definitely political and consistent with Chavez's strategy," she said, pointing out that Mr Chavez is founding a new Bank for the South, which would play a role similar to the World Bank but under Latin American control.

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Photo of Liliana Rojas-Suarez
Senior Fellow and Director of the Latin America Initiative