He International Monetary Fund (IMF) announced this Thursday the resumption of its relations with Venezuela under the Administration of the interim president, Delcy Rodríguez, after having suspended them in 2019 due to issues of “government recognition,” according to managing director Kristalina Georgieva.
The IMF announced this Thursday in Washington the resumption of its relations with Venezuela, a decision adopted in line with “the opinions of the members of the International Monetary Fund who represent the majority of the total voting power of the IMF,” according to the official statement released by the organization.
The decision comes during the Spring Meetings of the IMF and the World Bank that began on April 13 and will conclude on Saturday.
Furthermore, the resumption comes at a time when Caracas has resumed its diplomatic relations with the United States, since the capture of Nicolás Maduro on January 3 and the approval that Rodríguez received when accepting Trump’s economic and oil conditions and which have materialized in several laws approved in Venezuela to allow foreign investment in oil and mining.
The Fund also recalled that Venezuela has been a member of the institution since 1946, but that relations with the country had been suspended in March 2019, when the organization decided to pause its contacts “due to government recognition issues.”
Venezuela went through a harsh political crisis that year, when Maduro assumed a new mandate that the opposition considered illegitimate, leading to the self-proclamation of Juan Guaidó as president, who was recognized by dozens of countries around the world.
