Despite Setbacks, Venezuelan Opposition Leader Touts Record


By REGINA GARCIA CANO, Associated Press

CARACAS, Venezuela (AP) — Venezuelan opposition leader Juan Guaidó gave a quasi-state of the nation address Friday, offering a broad accounting of millions of dollars under his control and taking credit for social programs benefiting people across the troubled South American country.

Guaidó said the parallel government he established three years ago has spent at least $130 million, with about $70 million going to social programs including assistance for oncology and other health treatments. While he presented a balance, his address appeared to double as a campaign speech from a candidate seeking another chance from disappointed constituents and attacking an opponent.

“Today, the first thing I must say, what I am saying in this balance sheet, is that we owe a debt to Venezuelans, and I must say even to the region, in this fight for democracy,” Guaidó said to those gathered in a meeting room in Caracas, which included diplomats from Germany, France and the Netherlands.

The event was framed as an exercise in democracy to be contrasted with the secrecy that shrouds the government of President Nicolás Maduro, whom Guaidó had promised to topple with the help of allies but has failed to do so. The meeting room that hosted the event was decorated with enlarged photos of him walking at the White House with former U.S. President Donald Trump, French President Emmanuel Macron, Prime Minister of Canada Justin Trudeau and former United Nations High Commissioner for Human Rights Michelle Bachelet.

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Guaidó declared himself Venezuela’s interim president in January 2019, arguing that in his capacity as then-president of the country’s National Assembly the constitution allowed him to form a transitional government because Maduro had been re-elected in a sham vote in late 2018. Dozens of countries, including the U.S., Canada and Colombia, supported Guaidó’s move and began recognizing him as Venezuela’s legitimate leader.

Under Trump, the U.S. ramped up economic sanctions against Venezuela and granted Guaidó authority to take control of bank accounts that Maduro’s government has in the Federal Reserve Bank of New York or any other U.S.-insured banks.

An account at the Federal Reserve Bank of New York held $342 million that stemmed from a payout seized by the U.S. government from a gold-for-loans deal in 2015 that Maduro defaulted on with the Bank of England.

Guaidó said his government spent approximately $60.2 million in 2020 and about $70 million in 2021.

Many of the images that accompanied his presentation showed streets full of people whom he once managed to draw out to protest against Maduro. But support for Guaidó has decreased significantly.

The speech Friday came as he continues to promote the use of a primary election to determine which opposition candidate will face off Maduro in the presidential election that should take place in 2024.

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