Venezuela to tap IMF reserve assets for quake reconstruction, Bloomberg News reports
- Posted on June 25, 2026
- By Business News Today
- 0 Views
- 1 min read
Venezuela to tap IMF reserve assets for quake reconstruction, Bloomberg News reports
Venezuela is planning to utilize $200 million from its $4.5 billion IMF Special Drawing Rights (SDRs) to fund reconstruction efforts following recent earthquakes. The government intends to establish a dedicated fund for rebuilding damaged infrastructure, hospitals, and housing. This move comes after the IMF restored Venezuela's access to these funds in April, recognizing the current administration.
