Venezuela’s Guaido Says CAF Preparing to Offer $400 Million Loan

Venezuela’s opposition leader Juan Guaido said the Corporacion Andina de Fomento regional development bank is preparing to offer a $400 million line of credit to help “alleviate” Venezuela’s crisis, Bloomberg News reported. Guaido, who is recognized by more than 50 countries as the country’s rightful leader, said the money wouldn’t be handed to Nicolas Maduro’s regime, without providing details. CAF, as the lender is known, handed Venezuela a $500 million loan last year to help Maduro repay existing debt with the lender amid criticism by the opposition that it was illegal and fraudulent. A press official for CAF didn’t immediately respond to requests for comment. Read more

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