IMF and World Bank Resume Ties with Venezuela After 6-Year Break

The International Monetary Fund and World Bank announced Thursday they are restoring relations with Venezuela, ending a six-year pause that began in 2019. Both institutions are now recognizing the interim government under Acting President Delcy Rodriguez.

The World Bank said it is "resuming dealings with the Government of Venezuela, under the administration of acting President Delcy Rodríguez." The IMF made a similar announcement the same day.

Rodriguez called the resumption of ties a "great achievement" of Venezuelan diplomacy. The move legitimizes the interim government and opens doors to potential financial support from these major international lenders.

Venezuela has faced severe economic challenges in recent years, including hyperinflation and widespread shortages. The country had been cut off from IMF and World Bank support since 2019 due to political disputes over government recognition.

The restoration of ties means Venezuela could potentially access loans, technical assistance, and other financial support from these institutions.