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IMF warns Venezuela over gaps in economic data

| Updated: November 06, 2017 15:24:33

IMF gives Venezuela six months to improve data

The International Monetary Fund (IMF) has given Venezuela six months to improve the flow of economic data saying it had violated IMF rules on the timely provision of some statistics.

The Fund said in a statement the country had failed to provide timely data on total exports and imports of merchandise, and social security operations, reports Reuters.

The IMF’s board of member countries said it hoped the decision could encourage Venezuela to re-engage with the Fund.

Venezuela remains a member of the IMF but has not had any formal contact with the institution for more than a decade.

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