Washington: The International Monetary Fund said on Thursday that Managing Director Kristalina Georgieva spoke to Venezuela's Acting President Delcy Rodriguez about using Venezuela's $350 million reserve tranche of IMF Special Drawing Rights to address urgent humanitarian needs from twin earthquakes.Read more: IMF sees India among fastest-growing major economies despite trimming FY27 GDP growth projection to 6.4%IMF spokesperson Julie Kozack said that Georgieva and Rodriguez discussed the economic blow and humanitarian needs arising from the June 24 quakes, which have killed more than 3,800 people, injured nearly 17,000 and left nearly 18,000 people homeless."They also discussed the use of Venezuela's reserve tranche at the IMF, which provides an important and readily available source of liquidity that can be mobilized quickly to help address urgent humanitarian needs arising from the disaster. We have been working with counterparts to facilitate access to Venezuela's own resources at the fund," Kozack said.Read more: IMF looks forward to engaging with Fed on its review of communications, forward guidance
IMF's Georgieva, Venezuelan acting president discuss use of SDRs for earthquake needs
The International Monetary Fund discussed Venezuela's reserve tranche with acting President Delcy Rodriguez. This fund can address urgent humanitarian needs following recent devastating earthquakes. The quakes have tragically claimed thousands of lives and left many people homeless. The IMF spokesperson confirmed efforts to facilitate access to Venezuela's own resources. This readily available liquidity aims to aid disaster relief and recovery operations.
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