The International Monetary Fund has resumed formal dealings with Venezuela after a pause of over six years. This move follows government recognition issues and occurs more than three months after events involving Nicolas Maduro.
The resumption of engagement extends to the World Bank as well, potentially legitimizing the acting administration and opening doors for financial support to Caracas.
Spanish Economy Minister Carlos Cuerpo indicated Venezuela is on track to regain formal relations with the IMF this week. The restoration of these ties could allow Venezuela to regain access to IMF financing.
These developments mark a significant shift, as dealings with Venezuela were paused in 2019.