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Venezuela's interim government announced it will use $200 million from its IMF reserves for reconstruction after two powerful earthquakes struck the country on Wednesday. The quakes, of magnitudes 7.2 and 7.5, hit the northwest and central regions, causing widespread damage and casualties. The government, led by Delcy Rodríguez, declared a state of emergency.
The IMF recognized Rodríguez's government in April, enabling access to SDRs previously frozen. The situation remains fluid as rescue operations continue.
“"Quisiera anunciar la creación de un fondo inicial de 200 millones de dólares con recursos que tenemos en el Fondo Monetario Internacional, que nos permita reconstruir infraestructura, hospitales, que nos permita la construcción de viviendas para quienes perdieron sus casas"”
“The country hopes to initially access US$200 million of its US$4.500 billion in Special Drawing Rights (SDR).”
“"We are in close contact with the Venezuelan authorities and will remain in contact with them as they assess the economic impact and recovery needs." — Julie Kozack, IMF spokesperson”
“La presidenta encargada de Venezuela, Delcy Rodríguez, anunció este jueves la creación de un fondo de 200 millones de dólares para la reconstrucción de su país, golpeado el miércoles por dos potentes terremotos que han causado al menos 164 muertos, 971 heridos”