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Development Bank Recognizes Guaido-Chosen Representative

The Inter-American Development Bank (IADB) has officially recognized the Venezuelan representative designated by opposition leader Juan Guaido, the first multilateral institution to take such an action. The bank is Latin America’s largest regional lender, and the move is a major setback for President Nicolas Maduro. The action could eventually free up development lending to Venezuela if Maduro were to step down. Guaido has been recognized as Venezuela’s legitimate leader by most...

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