Venezuela plans to tap some of the reserve assets it holds at the International Monetary Fund (IMF) to finance reconstruction after back-to-back earthquakes hit the country, Bloomberg News reported, citing people familiar with the matter.
The government aims to initially access $200 million from its $4.5 billion allocation of IMF Special Drawing Rights (SDRs), according to the report. It remains unclear whether Caracas will seek to draw on more of its SDR holdings in the near future, the people told Bloomberg News, requesting anonymity because the discussions are private.
