The Inter-American Development Bank (IDB) has said it will no longer hold its annual meetings of the Boards of Governors in China after Beijing said it would not grant visas to the Venezuelan delegates nominated by Opposition Leader Juan Guaidó, who has declared himself the interim president of the South American country.
The meetings were scheduled to be held in in Chengdu from March 28-31.
In a statement, the IDB said the management would present its recommendations for the location and date of the 2019 Annual Meetings of the IDB within 30 days.
Earlier this month, the IDB announced that its governors had approved a resolution recognising the appointment of Ricardo Hausmann as IDB Governor for Venezuela.
However, China said it will not grant a visa for him, in keeping with its stance of non-interference.
The United States and several of its allies that are pushing to replace President Nicolas Maduro as President of Venezuela with Guaidó later indicated that they would not attend the meeting if the new Venezuelan delegate is not granted a visa.
Caribbean countries on the IDB board of governor are the Bahamas, Barbados, Jamaica, Suriname, Guyana, and Trinidad & Tobago.
The Caribbean Media Corporation said sources have revealed that Mr. Guaidó is due in Barbados on Saturday for a meeting of officials of the Lima Group that opposes Mr. Maduro.