Earlier this month, the International Monetary Fund (IMF) blocked a request from Venezuela for an emergency loan to deal with the COVID–19 pandemic on the grounds that President Nicolas Maduro “lacked recognition.” “IMF engagement with member countries is predicated on official government recognition by the international community, as reflected in
IMF Conditions Emergency COVID-19 Loan to Venezuela on Regime Change
The IMF refused a COVID–19 emergency loan to Venezuela unless it agreed to overthrow President Maduro and installs the Washington-backed Juan Guaidó.
By Alan Macleod