U.S. Considering Humanitarian Corridor for Venezuela Aid, Envoy Says
(Bloomberg) -- The Trump administration is ready to offer more humanitarian aid to Venezuela and is weighing the possibility of a corridor to help people hit by the country's turmoil, the State Department's envoy for the crisis said.
“We're making a big and growing humanitarian effort,” Elliott Abrams, Secretary of State Michael Pompeo's special representative for Venezuela, told reporters in Washington on Wednesday. “The humanitarian corridor is something we are looking at, but of course it requires the cooperation of the regime. I don't know how practical that is -- it hasn't been possible to date.”
Abrams said the aid would be in addition to the $20 million Pompeo promised last week after the U.S. recognized National Assembly leader Juan Guaido as Venezuela's interim president. He said there were two needs: immediate humanitarian relief and money to rebuild the country.
The U.S. has also begun a process to figure out how much money Venezuela has overseas, Abrams said, as the administration seeks to make sure President Nicolas Maduro's regime doesn't funnel resources away from Guaido. Abrams said he doesn't yet have a dollar figure for the country's overseas assets.
To contact the reporter on this story: Nick Wadhams in Washington at nwadhams@bloomberg.net
To contact the editors responsible for this story: Bill Faries at wfaries@bloomberg.net, Larry Liebert
©2019 Bloomberg L.P.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.