IMF Confirms It Continues to Work on Undertaking "Technical-Level Interactions" with Venezuelan Authorities
The International Monetary Fund (IMF) is "working to undertake technical-level interactions" with Venezuelan authorities and institutions for "the obtaining of basic economic data," which have not been available for many years, and to conduct an assessment of the economy, said Julie Kozack, spokesperson for the multilateral organization. During a briefing held on Thursday, the also Director of Communications highlighted that these activities would be in line with the IMF's strategy for fragile and conflict-affected states. However, she clarified that "these interactions will take place in due course."
TL;DR
- The IMF is working on technical-level interactions with Venezuelan authorities to obtain basic economic data.
- These interactions are for fact-finding and economic assessment, not regular dialogue or government recognition.
- IMF dealings with Venezuela have been stopped since 2019 due to government recognition issues.
- The IMF is guided by the international community's opinions on government recognition and monitors members' bilateral relations with Venezuela.