Mo More IMF for Venezuela!

Post by Ry » Tue May 01, 2007 1:32 am

CARACAS, Venezuela — President Hugo Chavez announced Monday he would formally pull Venezuela out of the World Bank and the International Monetary Fund, a largely symbolic move since the nation has already canceled its debts to the lending institutions.

The leftist leader, who has long railed against the Washington-based lenders, said "we will no longer have to go to Washington, neither to the IMF nor the World Bank, not to anyone."

Chavez said he wanted to formalize Venezuela's exit from the IMF and World Bank "tonight and ask them to return what they owe us."

"We have a few bucks there," he said, referring to Venezuela's recent repayments of debts to the World Bank five years ahead of schedule, which saved the country US$8 million.

Venezuela paid off all its debts to the IMF shortly after Chavez first took office in 1999. The IMF closed its offices in Venezuela late last year

Post by **IrrigatedPancake** » Tue May 01, 2007 1:56 am

props

hope he has a decent military

Post by **Gargaroth** » Tue May 01, 2007 4:26 am

yea... already knew.

adam1 · Post by **adam1** » Tue May 01, 2007 11:00 am

IrrigatedPancake wrote:hope he has a decent military

It's getting better.

Post by **GamerS** » Tue May 01, 2007 5:15 pm

I also read today that he recently nationalized the oil industry there. Didn't that cause the population to overthrow the government of another country about 60 years ago? Uhhh, nevermind.

Post by **Gargaroth** » Tue May 01, 2007 8:03 pm

its not that simple they already tried that in 2002 but it failed and now the people are more nationalist than ever, they have a militia like military reserve ready to come to action if something happens, they are more than a milion and still growing.

adam1 · Post by **adam1** » Wed May 02, 2007 9:47 am

Last time I heard they're aiming for 2 million.

Post by **handsintheair** » Wed May 02, 2007 11:30 am

Well, whatever your feelings for Chavez may be (I know he's a commie and all) you gotta respect him for wresting Venezuela from those soulless bastards.

adam1 · Post by **adam1** » Wed May 02, 2007 11:48 am

J. Rob wrote:Well, whatever your feelings for Chavez may be (I know he's a commie and all) you gotta respect him for wresting Venezuela from those soulless bastards.

He's an idealistic socialist calling the system he wants to bring to Venezuela "socialism of the 21st century", not a soviet style communist.
This is a good thing - look at the achievements of the Cuban revolution, for example they're the world's no.1 exporter of doctors! lol

Post by **handsintheair** » Wed May 02, 2007 11:56 am

british_freedom_fighter wrote:
He's an idealistic socialist calling the system he wants to bring to Venezuela "socialism of the 21st century", not a soviet style communist.
This is a good thing - look at the achievements of the Cuban revolution, for example they're the world's no.1 exporter of doctors! lol

Well, at this rate, the man might give me a more positive perspective on socialism (and all large-scale social arrangements) in general.

Thanks, Freedom Fighter.