IMF restores ties with Venezuela

Dealings with the South American nation were paused in 2019 due to disputes over government recognition.

Acting President Delcy Rodriguez called the resumption of ties a 'great achievement' of Venezuelan diplomacy.

The shift comes as the IMF seeks to stabilize regional economies impacted by global energy shocks.

While formal contact has resumed, any significant lending program would likely require further political transitions and a vote overseen by a new electoral board.