Venezuela withdraws $346m from IMF to rebuild after deadly earthquakes

Venezuela’s interim president Deby Rodriguez announced this weekend that the country has withdrawn $346 million from its available resources at the International Monetary Fund (IMF) to aid recovery efforts following a series of devastating earthquakes.

The funds will be directed towards rebuilding infrastructure and supporting communities affected by the natural disasters. Venezuela has faced significant economic challenges in recent years, making access to international financial resources crucial for disaster recovery operations.

The withdrawal represents a portion of Venezuela’s allocation within the IMF’s coffers, which member nations can access during times of crisis. The government’s decision to tap these reserves underscores the scale of damage inflicted by the earthquakes and the urgency of reconstruction efforts across the affected regions.

Source: Walla News — Original article in Hebrew.