Venezuela requests $5 billion from IMF

Venezuelan President Nicolas Maduro formally requested economic assistance from the International Monetary Fund as the socialist South American nation prepares to combat COVID-19. Minister of Foreign Affairs Jorge Arreaza posted the letter dated March 15, 2020, from Maduro on Twitter. https://twitter.com/jaarreaza/status/1240035272601059328 In the letter, Maduro requests $5 billion from the IMF's Rapid Financing Instrument in … Continue reading Venezuela requests $5 billion from IMF

IMF Communications Director Addresses Coronavirus, Talks with Argentina, and Situation in Ecuador

"2015 World Bank Group / International Monetary Fund Spring Meetings" / April 13, 2015 / Simone D. McCourtie - World Bank / Flickr / CC BY-NC-ND 2.0

Photo: Simone D. McCourtie / World Bank / Flickr / April 13, 2015 / CC BY-NC-ND 2.0 International Monetary Fund Director of Communication Gerry Rice addressed an empty room on Friday, March 12, for a virtual press briefing. Due to the ongoing coronavirus pandemic, the IMF will hold its annual spring meeting virtually as well. … Continue reading IMF Communications Director Addresses Coronavirus, Talks with Argentina, and Situation in Ecuador

IMF Censures Venezuela

"2015 World Bank Group / International Monetary Fund Spring Meetings" / April 13, 2015 / Simone D. McCourtie - World Bank / Flickr / CC BY-NC-ND 2.0

After failing to receive the appropriate economic information from the Venezuelan government, the International Monetary Fund (IMF) issued a declaration of censure against Venezuela.