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IMF Launches Venezuela Review; $150 B Debt Restructuring Begins

6/5/2026

33 7 Full Breakdown

Summary

Story summary

The IMF announced it will soon conduct an Article IV consultation with Venezuela.
Alvaro Piris Chavarri was appointed IMF mission chief for Venezuela, replacing his role in Ethiopia.
Pirís, the IMF’s assistant director in the African Department, previously led missions in Mozambique, Lebanon and China.
Venezuela, in default since 2017, said it will start restructuring more than $150 billion of debt, including bonds and arbitration awards.

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Story summary

The IMF announced it will soon conduct an Article IV consultation with Venezuela.
Alvaro Piris Chavarri was appointed IMF mission chief for Venezuela, replacing his role in Ethiopia.
Pirís, the IMF’s assistant director in the African Department, previously led missions in Mozambique, Lebanon and China.
Venezuela, in default since 2017, said it will start restructuring more than $150 billion of debt, including bonds and arbitration awards.