RxPG News XML Feed for RxPG News   Add RxPG News Headlines to My Yahoo!  

Medical Research Health Special Topics World
 
  Home
 
 Careers 
 Dental
 Medical
 Nursing
 
 Latest Research 
 Aging
 Anaethesia
 Biochemistry
 Biotechnology
 Cancer
 Cardiology
 Clinical Trials
 Cytology
 Dental
 Dermatology
 Embryology
 Endocrinology
 ENT
 Environment
 Gastroenterology
 Genetics
 Gynaecology
 Haematology
 Immunology
 Infectious Diseases
 Metabolism
 Microbiology
 Musculoskeletal
 Nephrology
 Neurosciences
 Obstetrics
 Ophthalmology
 Orthopedics
 Paediatrics
 Pathology
 Pharmacology
 Physiology
 Psychiatry
 Public Health
 Radiology
 Rheumatology
 Surgery
 Urology
 Alternative Medicine
 Medicine
 Epidemiology
 Sports Medicine
 Toxicology
 
 Medical News 
 Awards & Prizes
 Epidemics
 Health
 Healthcare
 Launch
 Opinion
 Professionals
 
 Special Topics 
 Ethics
 Euthanasia
 Evolution
 Feature
 Odd Medical News
 Climate
 
 DocIndia 
 Reservation Issue
 Overseas Indian Doctor

Last Updated: May 20, 2007 - 10:48:48 AM
News Report
America Channel

subscribe to America newsletter
America

   EMAIL   |   PRINT
Venezuela to quit IMF, World Bank
May 1, 2007 - 12:27:24 PM
Besides Venezuela, the Nicaraguan President Daniel Ortega Sunday also said that they were launching negotiations with the IMF to leave the organization. Argentina has also paid back billions of dollars to the Fund.

Article options
 Email to a Friend
 Printer friendly version
 America channel RSS
 More America news
[RxPG] Caracas, May 1 - Venezuelan President Hugo Chavez announced that his country had decided to withdraw from the International Monetary Fund - and the World Bank.

Chavez made the announcement Monday at an event to celebrate workers' rights.

'I want to formalize our exit from the World Bank and the IMF,' Chavez said, adding, 'We will no longer have to go to Washington, neither to the IMF nor the World Bank, not to anyone.'

Chavez, who has often blamed lending policies of these organizations for perpetuating poverty, proposed earlier to establish a Bank of the South, which would be run by Latin American nations and it can help countries facing financial difficulties.

Chavez has also pledged to support it with Venezuela's oil revenues.

After Chavez took office in 1999, Venezuela has paid off all its debts to the IMF, and the country recently repaid its debts to the World Bank five years ahead of schedule.

The IMF closed its offices in Venezuela late last year.

Besides Venezuela, the Nicaraguan President Daniel Ortega Sunday also said that they were launching negotiations with the IMF to leave the organization. Argentina has also paid back billions of dollars to the Fund.

Furthermore, Ecuadorian President Rafael Correa has expelled the World Bank's representative in the country, accusing the organization of attempting to extort him when he served as economy minister in 2005.





Related America News
Run to support fight against kidney disease
Mexican footballer banned for life for doping
Ranbaxy gets FDA approval for allergy drug
Sunita Williams assembles special space walk tool
Simpson misses charity benefit
Chronic pain may impair your memory
Silicon Valley companies provide technology for latest 'Shrek' film
Israel threatens to take 'other military actions' in Gaza
'World bank can now refocus on poverty in South Asia'
Microsoft buys ad-firm Aquantive for $6 bn

Subscribe to America Newsletter
E-mail Address:

 Feedback
For any corrections of factual information, to contact the editors or to send any medical news or health news press releases, use feedback form

Top of Page

 
© All rights reserved 2004 onwards by RxPG Medical Solutions Private Limited
Contact Us