The IMF Abandons Venezuelans to the Threat of the COVID-19 Pandemic on a Political Decision | WHAT REALLY HAPPENED

The IMF Abandons Venezuelans to the Threat of the COVID-19 Pandemic on a Political Decision

No government that had to bow to the power of a financial institution like the International Monetary Fund (IMF) knows the harsh consequences to which it will have to submit. That includes the Venezuelan government. And yet last March 15 president Nicolas Maduro filed a formal request to the IMF for a financing facility of US$5 billion from the emergency fund of the Rapid Financing Instrument (RFI) with the following words in a letter sent to the IMF director Kristalina Georgieva and that Arreaza published on his Twitter account:

“Only under the spirit of solidarity, brotherhood, and social discipline, we will be able to overcome the situation that comes our way, and we will know how to protect the life and wellbeing of our peoples.”

To no avail. The IMF took the decision to reject the requested loan to combat the COVID-19 pandemic in Venezuela. Although predictable, it is shocking. (We make the side note that while we trust the source of the information, we have not been able to confirm it officially from Venezuela nor have we been able to find the information on the IMF website.)

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