Skip to main content
Advertise with the Morning Star
The IMF must grant Venezuela’s bid for funds now
Venezuela’s appeal for an emergency loan worth $US5 billion to help it tackle the coronavirus crisis has been turned down. We cannot accept this, writes Unite's TONY BURKE
A woman wearing a mask walks wearing her cross at sunset during Holy Week in the Catia neighbourhood of Caracas, Venezuela, on Easter Sunday

THE Venezuelan government wrote to the International Monetary Fund (IMF) seeking funds from its rapid financing instrument (RFI) to “strengthen its detection and response systems” during the coronavirus pandemic.

The IMF claims that RFI loans “can be disbursed very quickly to assist member countries implement policies to address emergencies such as the coronavirus” and has allocated $50 billion (£40bn) to the fund.

This decision not to grant an RFI then, seems to illustrate that it is really the US Trump administration, with its unremittingly hostile policy of securing illegal regime change through sanctions against Venezuela, that is calling the shots at the IMF.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
Demonstrators protest outside of the White House in Washington, November 15, 2025
Latin America / 18 November 2025
18 November 2025

The global left must be unwavering in it is support for Venezuela as Washington increases its aggression, and clear-eyed about the West’s cynical motives for targeting it, says CLAUDIA WEBBE

NEW INDIGNITIES FROM THE NEW TRUMP REGIME: Family members ho
Features / 27 March 2025
27 March 2025
Two months into Donald Trump’s second run as president, what can we glean about his policies towards Latin America so far, asks TIM YOUNG, ahead of this Saturday’s Socialism or Barbarism day school in London
DEFIANT: Mexican
President Claudia
Sheinbaum
Features / 10 March 2025
10 March 2025
With trade wars backfiring, allies resisting military demands, and approval ratings plummeting, Trump’s dangerous pursuit of colonial ambitions threatens to end the ‘American century’ with catastrophic conflict, warns CLAUDIA WEBBE
BY POPULAR ACCLAIM: Venezuelan President
Nicolas Maduro arri
Features / 23 January 2025
23 January 2025
FIONA SIM sees the Venezuelan anti-fascist and anti-imperialist initiatives as offering hope to the rest of the world