The IMF releases $346 million to Venezuela for reconstruction plan after earthquakes
Venezuela has in the Fund 3,568 million in Special Rights of Giro which is equivalent to approximately $5.1 billion, which remained..
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Summary
Venezuela has in the Fund 3,568 million in Special Rights of Giro (SDR) that amount to approximately $5.1 billion, which remained blocked by the non-recognition of the agency to Nicolás Maduro as president. "After the devastating seismic fold that affected our country, Venezuela initially accessed $346 million of its own resources in the International Monetary Fund," Rodríguez said in a statement published in Telegram. The last time the Venezuelan monetary and financial authorities met formally with an IMF mission was in 2004. (I). The IMF and the World Bank announced in April the resumption of their relations with Venezuela, frozen since 2019, after the United States overthrew Maduro in a military incursion in January.
Furthermore, The IMF releases $346 million to Venezuela for reconstruction plan after earthquakes. Venezuelan Vice President of Economy and Finance, Calixto Ortega Sánchez, met with IMF Managing Director Kristalina Georgieva in late May. Rodríguez, who was Vice President of Maduro, is ruling under strong pressure from the United States and has undertaken law reforms to allow private investment in sectors such as oil, mining and gas.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
Venezuela has in the Fund 3,568 million in Special Rights of Giro (SDR) that amount to approximately $5.1 billion, which remained blocked by the non-recognition of the agency to Nicolás Maduro as president. "After the devastating seismic fold that affected our country, Venezuela initially accessed $346 million of its own resources in the International Monetary Fund," Rodríguez said in a statement published in Telegram.
reliability moderate2/2 sourcesThe last time the Venezuelan monetary and financial authorities met formally with an IMF mission was in 2004. (I)
reliability moderate2/2 sourcesThe IMF and the World Bank announced in April the resumption of their relations with Venezuela, frozen since 2019, after the United States overthrew Maduro in a military incursion in January.
reliability moderate2/2 sourcesThe IMF releases $346 million to Venezuela for reconstruction plan after earthquakes.
reliability moderate2/2 sourcesVenezuelan Vice President of Economy and Finance, Calixto Ortega Sánchez, met with IMF Managing Director Kristalina Georgieva in late May.
reliability moderate2/2 sourcesRodríguez, who was Vice President of Maduro, is ruling under strong pressure from the United States and has undertaken law reforms to allow private investment in sectors such as oil, mining and gas.
reliability moderate2/2 sources
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