Venezuela, UNDP define use of gold reserve kept in London
Caracas, May 28 (Prensa Latina) The Central Bank of Venezuela (BCV) and the United Nations Development Program (UNDP) agreed to allocate part of the gold deposited in the Bank of England to buy medicines and food to fight the novel SARS-CoV-2 coronavirus.
According to statements made by BCV president Calixto Ortega to Reuters agency on Wednesday, the Government decided that the UNDP should receive the funds directly for the sale of gold found in the coffers of that financial entity, against which a judicial process has been established.
Ortega noted that an expedite trial is expected so that the Bank of England delivers part of the gold, requested since 2019 to fight the economic emergency due to the scourge of the pandemic.
Venezuela will defend the mechanism discussed in March with the UNDP, for the payment of US$1 billion, before a court in London due to the refusal by the European financial entity to sell part of the gold, as the Bolivarian government indicated, Ortega stressed.
Executive Vice President Delcy Rodriguez denounced on Wednesday that the Bank of England retains 31 tons of Venezuelan gold with the aim of stripping Venezuela of its assets, in conspiracy with a right-wing sector led by opposition lawmaker Juan Guaido.
The hearing to denounce the proceeding by the Central Bank of England, whose only task is to be the custodian of the gold, will take place next Thursday.
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