Venezuela announced on Friday, July 17, that it had obtained access to $346 million of its own funds from the International Monetary Fund. The money will be used for recovery and to help those affected by the June 24 earthquakes.

This was reported by Venezuela’s interim president, Delcy Rodríguez, who indicated on her Telegram account that the government remains committed to the families who lost everything during the two earthquakes last month and to the recovery of the commercial sector in the devastated areas.

 

Ver esta publicación en Instagram

 

Una publicación compartida por El Nacional (@elnacionalweb)

M.Pino

With information from national and international media and social networks

(Reference image source: Logan Voss on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Venezuela will use the $346 million received from the IMF to support earthquake victims apareció primero en Bitfinance.

The new delegate for the restoration of relations between Venezuela and the International Monetary Fund is Álvaro Piris Chávarri.

“Piris has experience in managing financial crises and has led technical advisory visits to Africa, Asia, and Eastern Europe. He is currently the head of mission for Ethiopia.”

The selection of the new delegate means that the IMF will conduct its first Article IV consultations in Venezuela since 2004; this document provides a detailed overview of the country’s economy and could unlock access to billions of dollars in frozen Special Drawing Rights (SDRs).

The organization’s interest in resuming relations with Venezuela has accelerated following the easing of sanctions by the United States government and the OFAC’s licenses in strategic sectors, such as oil and mining.

M. Pino

Source: infobae

(Reference image source: Carrie Allen www.carrieallen.com on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada IMF appoints new head of mission to Venezuela apareció primero en Bitfinance.

It is a fact that official economic decisions are beginning to yield positive results, and this is happening in record time. The Central Bank of Venezuela reported single-digit inflation at the end of May 2026, the lowest inflation rate in the last 19 months.

The publication on the BCV’s official website also notes that the National Consumer Price Index (INPC) registered a month-on-month variation of 6.3 %, adding that “With this marked downward trend, we are entering a path of deceleration for 2026.”

The economic decisions made by President (E) Delcy Rodríguez have been firm so far in 2026. First, the restructuring of the economic team, appointing Calixto Ortega Sánchez as vice president of the area and then the economist Luis Pérez as president of the Central Bank of Venezuela. In addition, there is the call for the restructuring of the external debt and the reintegration of Venezuela into international organizations, such as the World Bank and the IMF, which adds transparency to the process.

This has led to and made possible a series of economic successes, including GDP growth in the first quarter of the year, as well as reaching single-digit inflation in May.

Finally, the Central Bank president had already warned of this, stating, “We are going to have single-digit inflation and a significant slowdown for the rest of the year,” which, according to economic analysts, is a major achievement after only a month in office.

The economic plan focuses primarily on the recovery of the oil and mining industries, which will guarantee economic growth, and secondly on strengthening a more efficient exchange rate system to ensure inflation control and investment in capital goods.

Ultimately, the recovery plan aims for a long period of economic growth with moderate inflation.

By: Lorena Mavárez

Reference images: Archive

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Official economic decisions are beginning to yield results in record time apareció primero en Bitfinance.

An economic team from Venezuela, along with representatives from the Central Bank, participated in a meeting with the Managing Director of the International Monetary Fund, Kristalina Georgieva, and the Western Hemisphere team to discuss issues such as technical assistance and mechanisms for recovering assets held abroad.

According to national and international media, during the meeting in Washington, the Venezuelan government reaffirmed its commitment to “strengthening domestic productive capacity and creating greater opportunities for well-being for all citizens.”

The agenda between the two delegations included the following steps for bilateral cooperation, including technical assistance to strengthen institutional capacities and improve macroeconomic management.

Venezuela made clear its respect for sovereignty, self-determination, and dialogue to resume the country’s economic development mechanisms.

M.Pino

Source: ultimasnoticias

(Reference image source: Dimitri Karastelev on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Venezuela Discusses Technical Assistance with the IMF apareció primero en Bitfinance.

Ecuador will receive a disbursement from the International Monetary Fund, for $394 million, as part of the program in effect since 2024, which totals $5 billion.

The new aid package was approved by the multilateral organization after the corresponding review, which revealed internal progress such as the rationalization of tax expenditures through tax exemptions or waivers; in addition, the efficiency of public spending has improved.

The assessments were conducted between February and March, according to a statement by IMF Deputy Managing Director Nigel Clarke, who confirmed that the approved disbursement, the first of 2026, is part of “a 48-month program under the IMF’s Extended Fund Facility (EFF), signed during the current administration of Ecuadorian President Daniel Noboa, and in effect until 2028.”

Ecuador will have to undergo four future reviews before the end of the program to access an additional $1.276 billion.

M.Pino

Source: spanish.xinhuanet

(Reference image source: Logan Voss on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada IMF approves $394 million disbursement for Ecuador apareció primero en Bitfinance.

Amid the easing of sanctions against Venezuela by the United States, the International Monetary Fund and the World Bank announced on Thursday, April 16, the reestablishment of relations with the South American country.

The decision was announced following recent licenses issued by the Office of Foreign Assets Control (OFAC), which allow Venezuela, the Central Bank, and other banking entities in the country to carry out certain transactions, potentially contributing to economic development.

The IMF “has already offered the country future access to financing instruments.” However, the interim president, Delcy Rodríguez, stated that she does not foresee a debt program at this time.

Regarding the restoration of relations, IMF Managing Director Kristalina Georgieva issued a statement indicating that the organization, “following the opinion of the majority of its members, was now dealing with the Government of Venezuela under the administration of the country’s interim president, Delcy Rodríguez.”

For its part, the World Bank Group also commented on the decision announced last Thursday. “According to the statement, its last loan was granted in 2005.”

Both organizations accelerated the measure after US President Donald Trump recognized the Rodríguez government, a strategy aimed at promoting political and economic stability in Venezuela.

M.Pino

Source: france24

(Reference image source: Markus Krisetya on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada World Bank and IMF reestablish relations with Venezuela apareció primero en Bitfinance.

The re-establishment of relations between the International Monetary Fund and Venezuela will be evaluated through a survey of the other member countries, adhering to internal regulations.

According to Bloomberg Línea, the consultation was sent last week to the organization’s executive directors, “who in turn forwarded it to the governments they represent.”

Sources cited by the media outlet indicated that the objective is to gather data that will allow for an evaluation of the current state of relations between member countries and Venezuela.

The organization’s internal rules make it clear that it is impossible for Venezuela “to maintain formal contacts or access financing until its government is recognized by a majority of member countries.”

Following the United States’ recognition of Venezuela’s interim president, Delcy Rodríguez, the IMF has indicated that it “was working to initiate technical-level interactions” with Venezuelan authorities and institutions in order to obtain basic economic data that would allow for an assessment of the economy.

M.Pino

Source: elnacional

(Reference image source: Social Network X, @DossierVzla)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada IMF consults members on re-establishing relations with Venezuela apareció primero en Bitfinance.

International Monetary Fund spokesperson Julie Kozack explained on Thursday, February 19, that the organization is evaluating resuming contact with Venezuela, but clarified that any progress in this regard will depend on a direct request from Caracas, the seat of government.

The IMF has begun gathering information and facts in the South American country “to determine how to proceed, whether through technical assistance or other cooperation mechanisms.”

Regarding the possibility of resuming relations with Venezuelan authorities, Kozack made it clear that this is not something that will happen immediately, as it will depend on validation by a majority vote of the organization’s member countries.

It is important to highlight that this rapprochement occurs “in a new political context,” where the acting president, Delcy Rodríguez, maintains direct contact with the Donald Trump administration.

M.Pino

Source: 2001online

(Reference image source: Mina Rad on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada IMF considers resuming relations with Venezuela apareció primero en Bitfinance.

The International Monetary Fund estimates that Argentina will be the fourth fastest-growing economy within the G20 in 2026, ranking behind India, Indonesia, and China.

According to the international organization’s projections regarding the global economy, its growth would reach 3.1 % in 2026.

The IMF forecasts GDP expansion in 2026 and notes that “India would once again become the fastest-growing economy, consolidating its position as one of the main drivers of global activity.” The Asian nation tops the ranking with a projected annual real GDP growth rate of 6.2 %.

Below India are Indonesia (4.9 %) and China (4.2 %), which are expected to remain among the main contributors to global growth.

Argentina, in Latin America, ranks fourth, with a projected economic growth rate of 4 %, in line with Saudi Arabia.

The IMF emphasizes that emerging economies associated with the G20, such as Argentina, Saudi Arabia, and Turkey (3.7 %), are projected to grow faster than the global average.

M.Pino

Source: infobae

(Reference image source: Benjamin R. on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada IMF forecasts economic growth for Argentina within the G20 apareció primero en Bitfinance.

Amid the current political situation in Venezuela, the International Monetary Fund held an off-the-cuff meeting with the country to assess the internal economic situation and the feasibility of resuming bilateral relations.

Some of the topics discussed during this meeting include the lack of official statistics, which hinders the IMF’s assessment, and the possibility of the country accessing $5 billion in Special Drawing Rights (SDRs), the use of which is currently suspended due to the international recognition status of the Venezuelan authorities.

Along with the IMF, other international organizations, such as the World Bank and the Inter-American Development Bank (IDB), also held internal meetings with Venezuela, demonstrating the multilateral organizations’ interest in truly understanding the state of the Venezuelan economy and the technical challenges that any potential assistance from them would entail.

These meetings do not imply a pre-established plan of aid or assistance to Venezuela, but rather an evaluation of the technical and political conditions for moving toward such a scenario.

M.Pino

Source: elnacional

(Reference image source: Luke Southern on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada IMF begins meetings with Venezuela to assess internal economic situation apareció primero en Bitfinance.