IMF Looking to Set up Venezuela Office, Says No Programme Requested
The fund is discussing a local presence to expand technical cooperation and policy advice, while officials say Caracas has sought no IMF lending or financing.
- On Thursday, The International Monetary Fund announced it is looking to establish an office in Caracas, though IMF Communications Director Julie Kozack stressed that Venezuelan authorities have not requested an IMF programme or financing.
- The Washington-based lender resumed dealings with Caracas in April after a majority of members recognized President Delcy Rodriguez's interim government, which took power following the seizure of former leader Nicolas Maduro during Operation Absolute Resolve.
- An IMF staff team visited Caracas in August to discuss technical work on macroeconomic statistics, monetary operations, and foreign exchange, following devastating June 24 earthquakes when Caracas drew $346mn from its reserve tranche.
- The Inter-American Development Bank president Ilan Goldfajn is pushing for a $2.5bn financing package, but board directors are resisting because the lending window requires an active IMF programme, which Caracas has paused to prioritize oil deals.
- Managing Director Kristalina Georgieva suggested the IMF office could open in 2027, while President Delcy Rodriguez, who recently met President Donald Trump in New York, frames re-engagement as a diplomatic milestone rather than a financial one.
11 Articles
11 Articles
The financial agency clarified that the Venezuelan government has not made a formal request for an assistance program
IMF looking to set up Venezuela office, says no programme requested
LONDON, Oct 1 (Reuters) - The International Monetary Fund is looking to set up an office in Venezuela it said on Thursday, although the country's government has not requested an IMF programme or any other sort of funding at this stage. IMF spoke...
(EFE).- The International Monetary Fund (IMF) explores with the Venezuelan authorities the return to the country with an office, in the absence of defining the formats and timetables, and confirmed that for the moment Caracas has not requested any agency funds program. “The Fund and the Venezuelan authorities are considering establishing a local presence [...] The IMF entry confirmed that it is studying to open an office in Venezuela and reveale…
The International Monetary Fund (IMF) explores with the Venezuelan authorities the return to the country with an office, in the absence of defining the formats and timetables, and confirmed that for the time being Caracas has not requested any agency fund program. “The Fund and Venezuelan authorities are considering establishing a local presence in [...] The IMF entry explores with the government the opening of an office in Caracas was first pub…
"The Fund and the Venezuelan authorities are considering establishing a local presence in Venezuela to facilitate this technical cooperation and capacity development. The timetable and modalities are still being discussed," said agency spokesman Julie Kozack during a press conference in Washington. The post The IMF could open an office in Venezuela appeared first on El Carabobeño.
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