IMF's Georgieva, Venezuelan acting president discuss use of SDRs for earthquake needs

Washington: The International Monetary Fund said on Thursday that Managing Director Kristalina Georgieva spoke to Venezuela's Acting President Delcy Rodriguez about using ‌Venezuela's $350 million ⁠reserve ⁠tranche of IMF Special Drawing Rights to address urgent humanitarian needs from twin earthquakes.

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IMF spokesperson Julie Kozack said that Georgieva and Rodriguez ​discussed the economic ⁠blow and ‌humanitarian needs arising from ​the ​June 24 quakes, ⁠which have killed more than 3,800 people, ​injured nearly 17,000 and ​left nearly 18,000 people homeless.


"They also discussed the use of Venezuela's reserve tranche at the IMF, which ‌provides an important and readily available source of liquidity ​that ​can be ⁠mobilized quickly to help address urgent humanitarian needs arising from the ​disaster. We have been working with counterparts to facilitate access to Venezuela's own resources at the fund," Kozack said.

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