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The International Monetary Fund rejects Venezuela's request to grant it a loan to counter Corona

2020-03-18T08:20:14.187Z

WASHINGTON-SANA The International Monetary Fund rejected a request by Venezuela to give it a five-billion-dollar loan to meet



Washington-Sana

The International Monetary Fund rejected a request submitted by Venezuela to grant it a five-billion-dollar loan to counter the emerging Corona virus, in compliance with US policies and attitudes against the government of legitimate President Nicholas Maduro.

"He is not in a position to study this request," the French press agency quoted the Washington-based fund as saying in a statement, claiming that its actions "are based on official recognition of the government by the international community ... At this stage there is no clear recognition of the legitimacy of the regime in Caracas."

The United States and its allies have refused to recognize the authority of legitimate President Maduro and instead have recognized right-wing opposition leader Juan Guaido as interim president.

President Maduro asked the International Monetary Fund yesterday for a five billion dollar loan to tackle the emerging Corona virus.

It is noteworthy that Washington imposed new coercive measures on Venezuela targeting the Central Bank, as it placed restrictions on US transactions with it to prevent it from obtaining the US dollar, in the context of Washington's attempts to interfere in Venezuela’s internal affairs and destabilize it by tightening economic and financial coercive measures and supporting right-wing forces in a desperate attempt by Washington is to revive its plans to dominate this country that possesses huge oil wealth and the coup against the legitimate president using all means, including violence and chaos.

Source: sena

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