The IMF and the World Bank are resuming relations with Venezuela
The International Monetary Fund and the World Bank have announced the resumption of cooperation with Venezuela after a seven-year hiatus.
This was reported by DW.
The Latin American country’s relations with financial institutions deteriorated in 2019 when the IMF recognized the opposition as Venezuela’s legitimate government.
The IMF surveyed its members on whether they consider Acting President Delcy Rodríguez to be the legitimate leader of Venezuela.
“In light of the opinion of the majority of International Monetary Fund members, … Managing Director Kristalina Georgieva announced today that the IMF is now cooperating with the Venezuelan government under the leadership of Acting President Delcy Rodríguez,” the IMF statement reads.
For its part, the World Bank also announced that it is resuming cooperation with the Venezuelan government under the leadership of Delcy Rodríguez.
Venezuela has been a member of the World Bank since 1946. According to the World Bank’s statement, its last loan to the country was provided in 2005.
As reported by Ukrinform, on January 3, Venezuelan President Nicolás Maduro was detained by members of the U.S. Army’s elite special operations unit, Delta Force.
Under the Venezuelan constitution, the vice president replaces the head of state in the event of his absolute absence or physical or mental incapacity.
The World Bank has estimated Ukraine’s reconstruction needs at $588 billion.
As a reminder, Ukrainianrefugees will be eligible for new reparations: how to file a claim.
The International Registry of Damages Caused by the Russian Federation’s Aggression Against Ukraine has opened a new category of claims—A1.2. It pertains to the forced displacement of citizens outside Ukraine as a result of Russia’s armed aggression.
