Mises Wire

Venezuela to IMF: Go Away

Venezuela to IMF: Go Away

From Forbes.com: Venzuelan Finance Minister Tobias Nobrega is trying to cut the cord between his country and the International Monetary Fund (much to the chagrin of the latter). CARACAS, Venezuela, April 25 (Reuters) - Venezuela was recovering from an economic recession without the help of the International Monetary Fund, its finance minister said Sunday, adding that it shows that Latin American governments need not follow IMF policy recommendations. [...] ...Venezuela’s case “shows that the whole framework and policies of the IMF can be dispensed with.”

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