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04-Mar-2019 19:39

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OPEC says Venezuela pumped 960,000 barrel of oil a day in March, a one-third drop from the previous month in a country enduring US oil sanctions and nationwide blackouts.The Organization of the Petroleum Exporting Countries announced the figures in a monthly report that was released on Wednesday.The US Treasury on Friday unveiled financial sanctions on four maritime shipping companies and nine of their oil tankers over crude deliveries to Cuba, to pressure Havana to end support for Venezuela.The sanctions raise US pressure on the "the illegitimate regime of former President Nicolas Maduro", the Treasury said in a statement.The funds provided by the Global Concessional Financing Facility - a platform launched in 2016 by the World Bank, the United Nations and the Islamic Development Bank- will be part of a 0m development policy operation being prepared by the World Bank to support Colombia.The World Bank said in a press release that the annual cost of hosting more than 1.2 million migrants and refugees from Venezuela is currently estimated at around 0.4 percent of Colombia's economic output.

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The Trump administration has said that Maduro has surrounded himself with Cuban security and intelligence officials, and told Moscow to withdraw some 100 Russian troops that arrived in Venezuela in March.The International Committee of the Red Cross will triple its budget in Venezuela this year as it helps authorities address mounting humanitarian concerns in the politically turbulent nation.The trip took him to several public hospitals, slums and migrant centres that have seen the worst of a social crisis expected to worsen as US financial sanctions take effect.The United States called an emergency meeting of the UN's most powerful body, which is deeply divided over Venezuela, to focus on the worsening humanitarian situation in Venezuela.

The International Monetary Fund will not have any contact with Venezuela, nor allow the country to access its reserves held by the institution, until the international community recognises a government in Caracas, an IMF spokesman said on Wednesday.By choosing “I agree” below, you agree that NPR’s sites use cookies, similar tracking and storage technologies, and information about the device you use to access our sites to enhance your viewing, listening and user experience, personalize content, personalize messages from NPR’s sponsors, provide social media features, and analyze NPR’s traffic.