IMF warns Venezuela’s economy and humanitarian situation is ‘quite fragile’

Figures show Venezuela’s public debt sits at roughly 180 percent of its GDP as the country struggles with tumult.

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The International Monetary Fund (IMF) has described Venezuela’s economic and humanitarian situation as “quite fragile”, pointing to an estimated triple-digit inflation and a sharply depreciating currency.

In a briefing on Thursday with reporters, spokeswoman Julie Kozack said the organisation continues to closely monitor developments in the South American nation, even though the IMF has had no formal relations with the Venezuelan government since 2019.