The International Monetary Fund and the World Bank on Thursday each said they had resumed dealings with Venezuela, which had been paused since 2019 due to government recognition issues.
The move paves the way for a full IMF assessment of Venezuela’s economy for the first time in some 20 years and could eventually unlock billions of dollars in funding via frozen special drawing rights.
IMF Managing Director Kristalina Georgieva said in a statement that the Fund, guided by the views of a majority of its members, was now dealing with Venezuela’s government under the administration of the South American nation’s interim President Delcy Rodríguez.
The World Bank Group also issued a statement announcing it was resuming dealings with Venezuela’s government under Rodríguez. Its last loan, the statement said, was in 2005.
Neither Venezuela’s information ministry nor its central bank immediately responded to requests for comment.
