IMF and World Bank Resume Ties with Venezuela, Opening Door to Aid and Investment
Updated
Updated · Reuters · Apr 20
IMF and World Bank Resume Ties with Venezuela, Opening Door to Aid and Investment
53 articles · Updated · Reuters · Apr 20
The IMF and World Bank have restored formal relations with Venezuela after a seven-year hiatus, recognising acting President Delcy Rodríguez's government.
This move allows Venezuela to access frozen IMF special drawing rights and paves the way for financial support and economic assessment for the first time in years.
The renewed ties follow the ousting of Nicolás Maduro and could encourage foreign investment as Venezuela seeks to restructure its significant external debt.
The US once sanctioned Delcy Rodriguez for corruption. Why is she now Washington's chosen partner in Caracas?
The US now oversees Venezuela's economy. How will rivals China and Russia collect their massive debts?
After a US raid installed a new leader, is Venezuela's newfound stability worth its sovereignty?
A secret weapon called 'The Discombobulator' helped depose Maduro. What is this new US military tech?
The new government promises 'free elections' but gives no timeline. Will democracy ever return to Venezuela?
Billions in aid are now unlocked. Will this money rebuild a nation or enrich a new elite?