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Venezuela to Leave IMF, World Bank

Chávez government exerts state control over privately owned oil projects

By Sam Gale Rosen,  Newser Staff

Posted May 1, 2007 8:32 AM CDT

(Newser) – Hugo Chávez said yesterday he will pull Venezuela out of the International Monetary Fund and the World Bank, institutions the leftist leader blames for contributing to poverty in Latin America. Venezuela will also take control of foreign oil projects previously run by multinational companies,...   Read full story »

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