Venezuela and IMF make progress on technical assistance and fund recovery mechanisms

The economic team of the Bolivarian Government, accompanied by authorities from the Central Bank of Venezuela (BCV), met this Saturday with the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, and her team for the Western Hemisphere, as part of the process of normalizing relations between the Latin American country and the international financial community.

In this regard, representatives of the Venezuelan economic team pointed out that the Bolivarian nation has begun a new phase of stability, growth and openness, based on the efforts of the Venezuelan people and a clear vision of growth. In addition, they ratified the National Executive's firm commitment to strengthening the country's productive capacities and generating greater opportunities for all Venezuelans.

They also reaffirmed their commitment to move forward on the basis of mutual respect, national sovereignty and constructive cooperation. They said that work will continue to consolidate Venezuela's economic renaissance and translate its enormous potential into prosperity, well-being and progress for the people.

The meeting is part of the actions taken by the Bolivarian Government to re-establish ties with multilateral organizations, after more than a decade of sanctions and financial blockade that seek to suffocate the Venezuelan economy.