LatinNews Daily - 10 July 2026

*International Monetary Fund (IMF) spokesperson Julie Kozack has said that the IMF’s managing director, Kristalina Georgieva, spoke this week with Venezuela’s President Delcy Rodríguez to discuss the economic impact of the 24 June twin earthquakes. Kozack said that they “discussed the use of Venezuela’s reserve tranche at the IMF, which provides an important and readily available source of liquidity that can be mobilised quickly to help address urgent humanitarian needs arising from the disaster”. Kozack highlighted the difference between Venezuela’s reserve tranche at the IMF, which she said totals nearly US$350m and is Venezuela's “readily available claim from its paid-in reserve assets to the IMF”, and the country’s special drawing rights (SDRs), which are around US$4.5bn and “are Venezuela’s stock of IMF-created reserve assets, which can be exchanged for reserve currencies”. Venezuela resumed dealings with the IMF in April after a seven-year pause in relations.

End of preview - This article contains approximately 150 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial