The International Monetary Fund (IMF) Executive Board held an informal briefing on Venezuela's economic situation. This session, conducted on February 7, 2025, was part of the standard procedures for countries with significantly delayed Article IV consultations.
These informal briefings occur approximately every 12 months for members whose consultations are delayed by more than 18 months. The IMF relies on publicly available information to update the Executive Board in such cases.
Venezuela's Article IV consultation has been delayed by 217 months as of January 31, 2025.
"Informal sessions to brief the Executive Board based on publicly available information are routinely held," according to the IMF statement.