IMF's Georgieva, Venezuelan acting president discuss use of SDRs for earthquake needs
The IMF's Managing Director Kristalina Georgieva discussed using Venezuela's $350 million reserve to address humanitarian needs following twin earthquakes that killed over 3,800 people.
- Country:
- Venezuela
The International Monetary Fund said on Thursday that Managing Director Kristalina Georgieva spoke to Venezuela's Acting President Delcy Rodriguez about using Venezuela's $350 million reserve tranche of IMF Special Drawing Rights to address urgent humanitarian needs from twin earthquakes.
IMF spokesperson Julie Kozack said that Georgieva and Rodriguez discussed the economic blow and humanitarian needs arising from the June 24 quakes, which have killed more than 3,800 people, injured nearly 17,000 and left nearly 18,000 people homeless.
"They also discussed the use of Venezuela's reserve tranche at the IMF, which provides an important and readily available source of liquidity that can be mobilized quickly to help address urgent humanitarian needs arising from the disaster. We have been working with counterparts to facilitate access to Venezuela's own resources at the fund," Kozack said.
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