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
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
After failing to receive the appropriate economic information from the Venezuelan government, the International Monetary Fund (IMF) issued a declaration of censure against Venezuela.
The IMF praised Colombian policymakers after for their macroeconomic management and policy framework improvements. During this Article IV Consultation, the IMF appears to have focused primarily on Colombia’s ability to cope with external shocks as well as economic growth promotion in general.
The International Monetary Fund recently concluded an Article IV consultation to Honduras. During the consultation, the team met with senior government officials, including President Hernandez, as well as private sector and civil society officials and international donors.