The Economic Times

Venezuela to tap IMF reserve assets for quake reconstruction, Bloomberg News reports

Venezuela is planning to utilize $200 million from its $4.5 billion IMF Special Drawing Rights (SDRs) to fund reconstruction efforts following recent earthquakes. The government intends to establish a dedicated fund for rebuilding damaged infrastructure, hospitals, and housing. This move comes after the IMF restored Venezuela's access to these funds in April, recognizing the current administration.