Venezuela, Chavez Breaking Free of IMF

Big News.

clipped from www.commondreams.org

Venezuela Pulling Out of IMF, World Bank

By Jorge Rueda

CARACAS, Venezuela — President Hugo Chavez announced Monday he would pull Venezuela out of the World Bank and the International Monetary Fund, a largely symbolic move because the nation has already paid off its debts to the lending institutions.”We will no longer have to go to Washington nor to the IMF nor to the World Bank, not to anyone,” said the leftist leader, who has long railed against the Washington-based lending institutions. 0501 06

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