Venezuela denies dialogue with the IMF

Nélson Merentes, Minister of finance of Venezuela,  denied today rumors about  Government  meetings with the International Monetary Fund (IMF), and asserted that Venezuela has enough resources to address all matters of the economy, including the debt.

“Neither the Finance Ministry nor the Central Bank (of Venezuela) is in talks with the International Monetary Fund,” Merentes said during an interview with the private channel Globovision.

The official said that the Venezuelan Government at the moment is in dialogue with national and international entrepreneurs, investors, as well as with the Governments of China, Russia and Latin America.

For his part, last Friday Venezuelan President Nicolas Maduro, introduced a new economic Council which is composed of civilian and military members, and appealed to “all sectors” so they continue striving and working to stabilize the economy, which faces high inflation and frequent episodes of shortages.