The IMF's rejection of Venezuela’s loan request amid the coronavirus outbreak has raised many troubling questions about the integrity of the lending institution
The International Monetary Fund made another controversial decision on Tuesday by rejecting Venezuela’s emergency loan request to fight the growing deadly coronavirus pandemic, suggesting that only US-friendly states could be entitled to receive aid.
The US also has a veto right over the international lender’s major loan decisions, making it likely that the IMF has denied the essential humanitarian aid to Caracas for political reasons. A crowded bus with people using protective masks passes through a checkpoint after the start of quarantine in response to the spreading of coronavirus disease in Caracas, Venezuela, March 16, 2020.
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