by Steve Ellner
Latin America Advisor
(publication of the Inter-American Dialogue), March 30, 2020
Public opinion surveys indicate that even prior to the
outbreak of the coronavirus most Venezuelans favored prioritizing solutions to
the nation’s pressing economic problems, as opposed to focusing on political
issues. This preference has increased as a result of the coronavirus. In this
moment of desperate need, Venezuelans are likely to condemn and long remember the
IMF’s rejection of President Maduro’s loan request to help combat the
coronavirus scourge. Given the U.S.’s veto power of the Fund’s decision making,
the negative response will also add to resentment against Washington world-wide.
Already, the European Union has urged the IMF to reconsider its decision with
regard to both Venezuela and Iran, while
EU’s foreign affairs chief and Spain’s former
Foreign Minister Josep Borrell attributed the “very difficult situation” facing
both countries mainly “to U.S. sanctions that
prevent them from having
income by selling their oil.”
A “moderate” faction of the Venezuelan opposition, which in
recent months has consolidated itself as a bloc within the National Assembly,
supports the need to focus all attention on immediate problems. Claudio Fermín,
the main spokesman for the moderates, has
stated "no one should obstruct this [loan] request,"
adding "it's the hour of unity." In contrast, Juan Guaidó has stated
that the Maduro government "lacks the capacity" to confront the
coronavirus crisis, and calls on the armed forces -- as he has in the past --
to take control of the nation's ports and airports to allow for entry of
humanitarian aid. By maintaining his insurgent position, Guaidó risks
alienating opposition members who support Fermín's plea for unity and the
suspension of political confrontation in the context of what is nothing less
than a national emergency.