00:00The International Monetary Fund, IMF, and the World Bank have announced that they are resuming dealings with Venezuela after pausing
00:07relations since 2019.
00:09The move allows for a full IMF assessment of Venezuela's economy for the first time in nearly two decades and
00:16could potentially unlock billions of dollars in funding.
00:20The renewed engagement had followed the removal of then-President Nicolas Manduro earlier this year by the Trump administration.
00:27Since then, Washington had been working with interim leader Del C. Rodriguez while seeking to expand its presence in Venezuela's
00:34oil and mining sectors.
00:36Rodriguez had described the decision as a major step forward for Venezuela's economy and had acknowledged support from U.S.
00:42officials in restoring international financial relations.
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