Venezuela denounced that financial bias prevents addressing the COVID-19 crisis

The Bolivarian Government denounced at the 7th Meeting of Ministers of Finance and Economy of the Ibero-American Summit, the inequality that prevails with international financial mechanisms.

The Executive Vice President of the Republic, Delcy Rodríguez, said that “there are countries like Venezuela that did not receive anything, nor can they access any mechanism, because there is a political bias in the International Monetary Fund against Venezuela.”

Rodríguez, who is also Minister of Economy, Finances and Foreign Trade of Venezuela, regretted that the IMF, instead of promoting union in a situation such as the one facing humanity, is dedicated to practicing discrimination: “From the beginning of the pandemic the IMF has allocated 650 billion dollars for special rights, of which (only) a few countries have had access”, she affirmed.

During the virtual event, which was attended by representatives of the 22 Ibero-American countries and representatives of multilateral organizations, Rodríguez explained that the IMF allocated resources to 33 countries in Latin America and the Caribbean and of those 33 only 20 countries received the financial benefits, the rest were excluded and discriminated against for political reasons.

This meeting is the first meeting organized by the Dominican Republic as the Pro Tempore Secretariat of the Ibero-American Conference.