Washington Pushes IMF to Reject Venezuela Plea for $5 billion Coronavirus Aid, Sanctions Stay Put on Iran

Pam Barker | Director of TLB Europe Reloaded Project

We’re doing a twofer here on both Venezuela and Iran, which have been on the receiving end of US-imposed sanctions for a while, which are basically like war without the bombs for ordinary people in these countries, including on their healthcare systems. Further to the IMF-Venezuela story below, in which Washington-dominated IMF has refused Maduro a loan to help his country tackle the impending virus crisis there, another article from Russia Today, titled Maduro Says It Costs Venezuela Triple to Buy Virus Test Kits Due to US Sanctions, shows Maduro getting some practical relief from China, and Cuba with its effective drug Interferon B, which Washington has long refused to let onto the wider global market.

Iran, well – it wasn’t enough to settle for illegally taking out its next leader in early January, Qassem Soleimani, in a thoroughly backstabbing, pro-Israel move which has still yet to be revenged. Sanctions, devastating on a population, are still in place on the nation that is one of three most affected by the virus crisis. See the Zerohedge piece of yesterday, titled 50 New Infections Every Hour In Iran, One Death Per 10 Minutes: Health Ministry.

We remind readers of the theory that is getting banned on social media, that multiple strains of the virus have been detected in different countries, with ONE of them showing up in Iran, the idea being that this was a deliberate move against the Iranian government by the US and its covert biowarfare program. We urge readers to look at a piece by Oldmicrobiologist titled Was Coronavirus a Biowarfare Attack Against China? A Veteran Insider Speaks Out that Twitter will not allowed to be published. This retired scientist from Ft. Detrick’s biolab believes it smacks of a targeted attack, not only on China but on Iran, too. Italy also has its own strain, too, and may have been part of this theorized attack, although it is a country that suffers incredibly from regular ‘flu, too. See this. However, Italy is a major player for China in the European part of its Belt and Road Initiative, which plans to use at least two Italian ports as European hubs (see Italy’s Embrace of the New Silk Road: A hope for all of Europe, and also here).

Sidebar: if the EU economy is set to crash over this crisis, as many predict, what’s the effect on China? Significant, because the EU is one of its top trading partners.

Targeting this country for attack – allegedly – would in part explain the unceasingly inhuman, hostile attitude to Iran by Trump and his morally repugnant neocon swamp creatures (see As Iran Hits 20,000 Cases, US Says ‘Coronavirus Won’t Save You From Sanctions’). Former CIA director, Everything-for-Israel Mike Pompeo is predictably maintaining a hardline attitude:

“The United States sent Iran a blunt message this week: the spread of the coronavirus will not save it from U.S. sanctions that are choking off its oil revenues and isolating its economy,” Reuters reports.

Consider too the blunt headline to the report — U.S. to Iran: Coronavirus won’t save you from sanctionsThis as a top Iranian health expert warned his fellow citizens to brace for “millions” possibly killed as a result of the deadly pandemic. “Our policy of maximum pressure on the regime continues,” Brian Hook, the US Special Representative for Iranian Affairs, told reporters this week.

But as Spencer Ackerman reports, this policy will actually make the Covid-19 spread more dangerous for us all:

“We are not safe in any place until everyone all over the world is safe,” Paul Anatharajah Tambyah, the president of the Asia-Pacific Society of Clinical Microbiology and Infection, told the Wall Street Journal about a new wave of COVID-19 cases in east Asia.

The American Conservative’s Daniel Larison writes:

The “maximum pressure” campaign is unjust, but to continue it in the midst of a public health disaster is truly sick and twisted. The administration’s refusal to offer sanctions relief at a time like this shows how irrational and malevolent this policy is, and it should make us all realize how senseless and destructive the economic war has been from the start.

Hear hear, Daniel! 

See also this by Jasper Hamann titled US Weaponizes COVID-19 to Cripple Iran.

********

Washington Pushes IMF to Reject Venezuela Plea for $5 billion Coronavirus Aid

.

This latest news has come at the same time that Washington has increased punitive economic sanctions against the country in order to try and force the government of Nicholas Maduro out of power through its campaign of “maximum pressure,” in favor of Washington’s own hand-picked ‘president’ for the country, Juan Guaido, who Trump officials like Mike Pompeo claim is “the country’s only legitimate leader,” even though the unelected Guaido is not recognized by the electorate in Venezuela.

The excuse IMF officials gave for rejecting Venezuela’s aid application was exactly that: officials claimed that there was no ‘international recognition’ of the present Venezuelan government. In other words, Washington’s regime change ploy has worked – by installing and ‘recognizing’ its own symbolic puppet leader, those multilateral institutions under its influence will simply follow suit.

Many have speculated as to the true independence of the World Bank and the IMF, and whether these are merely tools used by the US to achieve its own aims. It becomes fairly obvious when you look at just how much leverage the US has to enact its own policy aims. With its 16% voting share, the US commands the largest single voting bloc inside of the institution, and with annual contributions of $164 billion, it dominates the IMF lending pot. As the old adage goes, he who has the gold makes the rules.

According global affairs analyst Eric Toussaint in his detailed report entitled, Domination of the United States on the World Bank, the US wields substantial influence over the winners and losers in the game of World Bank and IMF assistance. He explains:

“In real terms, the institution is firmly under the control of the US government which negotiates, with the governments of other major capitalist powers, the policies to be followed within the World Bank, and under its leadership.”

In his report, Toussaint also notes a number of key passages that demonstrate how supposedly multilateral institutional policies are really repurposed to streamline with US interests, often to the detriment of both recipient and nonrecipient states:

The United States has viewed all multilateral organizations, including the World Bank, as instruments of foreign policy to be used for specific U.S. aims and objectives [6].

Note that Washington’s policies will almost certainly single-out a socialist-leaning government like Venezuela for collective punishment:

A preoccupation with containing communism, and the change in the relative U.S. power in the world explain much of the evolution in U.S. relations with the World Bank over the past fifty years.”[8]

Therefore, it should come as little surprise then that the current neocon-dominated Trump administration in Washington is behind this latest reckless and vindictive IMF decision – one which certainly will result in increased hardship and loss of life in South America.

AFP bureau in Caracas reports…


IMAGE: Venezuelan President Nicolas Maduro making an economic plea to world.

The International Monetary Fund on Tuesday rejected economically devastated Venezuela’s request for a $5 billion loan to help it cope with the onslaught of coronavirus on the country that an aid agency warned is as prepared as war-torn Syria.President Nicolas Maduro made the request earlier Tuesday but, in a statement hours later, the Washington-based institution indirectly cited a dispute over Maduro’s leadership in denying his petition.

In a letter to IMF chief Kristalina Georgieva, Maduro said a $5 billion loan from the IMF’s Rapid Financing Instrument (RFI) “will contribute significantly to strengthening our detection and response systems.”

It was the country’s first loan request to the IMF since 2001.

“Unfortunately, the Fund is not in a position to consider this request,” because there is “no clarity” on international recognition of the country’s government, the Washington-based institution said in a statement.

“As we have mentioned before, IMF engagement with member countries is predicated on official government recognition by the international community, as reflected in the IMF’s membership. There is no clarity on recognition at this time,” the statement said.

More than 50 countries including the United States have not recognized Maduro for more than a year, after switching allegiance to opposition leader Juan Guaido who declared himself acting president.

Guaido branded Maduro a usurper over the president’s 2018 re-election in polls widely seen as fraudulent.

But US sanctions and other international pressures have failed to dislodge Maduro, who is backed by Venezuela’s creditors China and Russia and retains the support of the powerful military.

– Five years of crisis –

The RFI from which Maduro sought the assistance is a mechanism by which all IMF member countries can get financial assistance without the need to have a full-fledged economic program in place.

Venezuela’s health system is in tatters after five years of economic and political crisis that has sent millions of people fleeing for lack of basic staples.

“We hardly have five percent of the medicine stocks we need,” Douglas Leon Natera, head of the Venezuelan Medical Federation, told AFP earlier.

Jan Egeland, general secretary of the Norwegian Refugee Council, placed Venezuela in the same category as war-torn Syria and Yemen in its preparedness.

Like those countries, “there will be carnage” when the virus reaches parts of Venezuela given that “health systems have collapsed,” warned Egeland.

The country has 33 reported coronavirus cases, according to John Hopkins’ global tally, and Maduro has ordered a lockdown in the capital Caracas and six other states.

“At this crucial moment and aware of the high level of contagion of this disease, we will continue to take rapid and vigorous measures” to stop the advance of the pandemic, Maduro wrote in his letter to Georgieva.

“We are convinced that in permanent coordination with the WHO (World Health Organization) and the support among the countries of the world, we will be able to overcome this difficult situation.”

The country has banned flights to and from Europe, as well as Colombia, Panama and the Dominican Republic. It has also suspended school and university classes as well as sports events.

************

Original article

••••

The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)

••••

Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.

••••

Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.

••••

Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.

Be the first to comment

Leave a Reply

Your email address will not be published.


*