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IDB board approves engagement note for Venezuela

Reuters
IDB board approves engagement note for Venezuela

NEW ‌YORK, Nov 13 (Reuters) - The ​Inter-American ‌Development Bank's board ‌unanimously approved a ‌country engagement note for Venezuela on Friday, ⁠the bank's ‌first formal ⁠roadmap for renewed ​operations in the country ​since it ​halted ‌new lending ​in ⁠May 2018.

The ‌note is not ​a ​loan and does not clear Venezuela's arrears ‌of over $2 billion ‌with ​the IDB.

(Reporting by Rodrigo Campos; Editing by ‌Anthony Esposito)