But the US, the largest shareholder in the International Monetary Fund, holds a veto power of the measure. "Unfortunately, the Fund is not in a position to consider this request", because there is "no clarity" on global recognition of the country's government, the IMF said. However, the IMF referred to the fact that the petitioner is not legitimate from the point of view of the worldwide community.
In the information published by the USA media, the alleged spokesman for the International Monetary Fund indicated that the organization rejected Venezuela's request for assistance because 'there is no clarity about the recognition of a legitimate leader. The US-led anti-Maduro states represent a minority, amounting to about 50 countries.
In January a year ago, the International Monetary Fund suspended activities with Venezuela due to the political crisis between Maduro and Guaido, who has been recognized as the legitimate leader by a number of countries in a US -led bloc. But the military and a crucial part of Venezuelan society stands for Maduro, preventing Guaido from ousting Maduro.
Venezuelan President Nicolas Maduro has asked the International Monetary Fund for five billion dollars in funding to strengthen the health system and contain the coronavirus SARC-CoV-2.
Maduro, the successor of the late Hugo Chavez, a self-described Latin American socialist, has recently been dealing with growing problems on several fronts, ranging from worsening conditions in the world's oil markets to United States sanctions, which have nearly stopped the country's oil production, leading to a large humanitarian crisis across Venezuela. "For this reason, we are turning to your honorable organization to request its evaluation about the possibility of authorizing Venezuela a financing line of $5 billion from the emergency fund of the Rapid Financing Instrument".
Venezuelan Deputy Foreign Minister of International Communication William Castillo today questioned the veracity of the information provided by the US agency Associated Press (AP) regarding the refusal of a loan from the International Monetary Fund (IMF).
The letter, dated March 15th, 2020, is addressed to the Managing Director of the IMF, Kristalina Georgieva, and mentions the "hard and unexpected battle the world is facing today against the outbreak of the new coronavirus".