US Treasury Secretary backs Venezuela's reincorporation into the IMF
US Treasury Secretary Scott Bessent supported the IMF's work to reincorporate Venezuela into the organization.
TL;DR
- US Treasury Secretary Scott Bessent supports the IMF's work to normalize Venezuela's economy.
- The US has lifted sanctions on Venezuela's public banking system, including the Central Bank.
- The IMF projects Venezuela's economy to grow by 4% in 2026 and 6% in 2027.
- These growth projections place Venezuela above the regional average for Latin America and the Caribbean.
- The IMF also highlighted the World Bank's role in unlocking resources and stability for poorer nations.