Newly installed World Bank Group president David Malpass said on Thursday that the development lender is preparing to become "deeply involved" in Venezuela, "but the situation is still troublesome on the ground," Aljazeera reported.
Speaking at a press conference on the opening day of the joint World Bank and International Monetary Fund (IMF) spring meetings, Malpass said that Venezuela is a "deep concern" for the World Bank, but that any decision to intervene in the country or recognise opposition leader Juan Guaido as Venezuela's president would be left to the World Bank's stakeholders.