IMF, World Bank say they are restoring ties with Venezuela

What Happened

The International Monetary Fund and World Bank announced resumed relations with Venezuela under interim leader Delcy Rodriguez. The institutions had severed ties in 2019 amid disputes over presidential legitimacy. IMF Managing Director Kristalina Georgieva stated the decision allows re-engagement benefiting Venezuelan citizens. The World Bank followed suit, resuming ties after sixteen years without lending to Caracas.

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