The International Monetary Fund (IMF) will use for the first time in years official data provided by Venezuela in order to make its economic estimates, according to reports by the Bloomberg agency.
This decision is made as the multilateral institution strengthens its relationship with Venezuela, marking a significant shift from the previous period in which assessments relied exclusively on projections by the organization’s technical staff, without a formal on-the-ground review since 2004.
According to Bloomberg, sources familiar with the process indicated that this direct exchange of technical and statistical information could pave the way for resuming the review of Article IV consultations, a mechanism involving periodic dialogue and bilateral oversight between member countries and the financial institution.
Within this context of institutional rapprochement, IMF Managing Director Kristalina Georgieva recently highlighted plans for the international body to officially open a representative office in Venezuela, with the launch scheduled for the first half of 2027.