Venezuela, IMF, World Bank restore relations, paving way for investment

The IMF and World Bank said Thursday they are restoring relations with Venezuela, further legitimizing the interim government and opening new doors to financial support. Within hours the Venezuelan government confirmed it too would recognize the relationship that has been frozen since 2019.

On Venezuelan state television Thursday night, Rodriguez said: "they are normalizing all processes that involve Venezuela's rights in the organization." The last formal assessment of the Venezuelan economy by the IMF was in 2004, and Caracas cleared its World Bank tab in 2007.