IDB bank calls off annual meeting next week in China

The Inter-American Development Bank is calling off its general assembly next week in China.

The IDB did not say in its press release the reason for cancelling the meeting, planned March 28-31 in Chengdu.

However, Vice-President Mike Pence wrote Friday in The Miami Herald that China refused to grant an official visa to Ricardo Hausmann, the Venezuelan representative designated by opposition leader Juan Guaido.

The IDB last week became the first international financial organization to recognize Guaido as the legitimate president of the South American country, a stand taken by the U.S. and about 50 other nations that contend Nicolas Maduro’s re-election last year was rigged.

China disagrees and remains as one of the main allies of Maduro. – (The Associated Press)