04 de noviembre de 2017 16:41 PM
Actualizado el 04 de noviembre de 2017 16:51 PM
If the Venezuelan government fails to supply the requested information, the International Monetary Fund (IMF) could end up resolving its removal.
The International Monetary Fund (IMF) gave Venezuela on Friday six months to produce statistics on the domestic economy, following the government failure to meet the deadline stipulated in the IMF regulations.
Should Venezuela fail to supply the requested information, the IMF could end up expelling it.
The board of the International Monetary Fund (IMF) found that Venezuela did not deliver data on time on the operations of the Social Security Institute and total exports and imports of commodities, expressing their value in local currency, per country of destination and country of origin, AP quoted.
The organization explained in a release that the meeting of the executive board of directors had been slated well in advance and it is not related at all with the announcement made on the eve by Venezuelan President Nicolás Maduro on the beginning of restructuring of the Venezuelan foreign debt for USD 120 billion.
Based on IMF numbers, the Venezuelan economy has sustained an abysmal accumulated contraction of 44.6% in 2014-2018.