US EditionIMF Needs Voting Majority of Members to Recognize Venezuela Government to Restore Ties
The IMF will resume talks with Venezuela only if countries holding a majority of voting power recognize a legitimate successor government, maintaining protocols from past irregular regime changes.
10 Articles
10 Articles
Kozak described Venezuela's economic situation as "difficult, with growing poverty"
Imf Needs Most of Its Members to Recognise the Government of Venezuela for the Restoration of Salmon
Fund has no commitment to the country since 2019 due to the lack of recognition by the government of Nicolas Maduro
IMF says leadership recognition needed before Venezuela can tap $4.9bn reserves
The IMF has confirmed that Venezuela holds approximately $4.9bn in Special Drawing Rights that could be accessed once the fund resumes engagement with Caracas, but warned the country faces a "severe and prolonged" economic crisis.
IMF needs voting majority of members to recognize Venezuela government to restore ties
The International Monetary Fund said on Thursday that any re-engagement with Venezuela following the U.S. capture of Venezuelan President Nicolas Maduro would depend on member countries representing a majority of IMF voting power recognizing a successor government.
The IMF has had no commitment to Venezuela since 2019 due to the lack of recognition by the government of Nicolás Maduro
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