Rejected Venezuela Returns to IMF Seeking $1 Billion in Aid
Shoppers wear protective face masks at the municipal market in the Chacao neighborhood of Caracas, Venezuela.
Photographer: Carlos Becerra/BloombergThis article is for subscribers only.
Venezuela is returning to the International Monetary Fund with a request for $1 billion in assistance after a bigger financial rescue package was rejected by the Washington organization, according to five people familiar with the request.
Nicolas Maduro’s administration is arguing the emergency funds could be allocated through programs designed to purchase food, medicine and improve some hospitals’ infrastructure to care for coronavirus patients, three of the people said.