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Old March 19th, 2020, 12:19 PM
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Default USA-dominated IMF denies healthcare assistance to Venezuela

IMF denies Venezuela emergency aid to help fight coronavirus

,The Telegraph•March 17, 20202

The International Monetary Fund has rejected Venezuela's request for a $5 billion loan to help it cope with the coronavirus pandemic.

Venezuela became the first country to request an emergency loan from the IMF on Tuesday and there are international concerns that its ravaged economy and public services will not cope with the spread of the virus.

However, the IMF rebuffed the request, claiming a lack of certainty over the legitimacy of President Nicolas Maduro's government.

"Unfortunately, the Fund is not in a position to consider this request," because there is "no clarity" on international recognition of the country's government, the Washington-based institution said.
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