IMF rejects Maduro's loan request for fighting coronavirus outbreak in Venezuela

International Monetary Fund (IMF) on March 17 rejected Venezuela's request for a $5 billion loan to help ecomically devastated country fight vel coronavirus outbreak. This comes a day after IMF's managing director Kristalina Georgieva in a blog post said that global lender stands rey to mobilise its $1 trillion lending capacity to help member countries. 

Re: Over 20 Countries Asked For Aid To Battle Coronavirus Pandemic: IMF Chief

According to reports, IMF cited a lack of international recognition and clarity on President Nicolas Muro's government in its denial statement. President Nicolas Muro h reportedly requested loan earlier in day when he said would help his government fight global pandemic. United States and 50 or countries have refused to recognise Muro's government for more than a year. 

Re: German Foreign Minister vises Citizens Against Travelling Abro After Spike In Cases

President Donald Trump in his this year's state of union dress officially recognised opposition leer Juan Guaido as president of Venezuela. However, Muro still enjoys support of country's military and some global creditors like China and Russia. 

Re: As Coronavirus Grounds Global Airlines, Top US Official Says 'it's Worse That 9/11'

According to reports, Venezuela has suffered a massive socioecomic and political blow in form of hyperinflation, escalating starvation and political instability since Muro took over as President in 2013. Opposition leers have accused Muro of rigging 2018 presidential election, including countries from rth America, Latin America, and Western Europe who have put tough sanctions on him.

Re: Thailand To Shut All Schools, Universities To Prevent Spre Of Coronavirus

Coronavirus outbreak

As per data acquired by worldometer, re are currently 33 cases of coronavirus in Venezuela. re have been deaths in country so far due to coronavirus, according to data. COVID-19 has claimed more than 7,900 lives across world and has infected over 1,98,000 people globally since it first broke out in December 2019. China is most affected country in world as experts believe that virus originated from a seafood market in Wuhan city, epicentre of disease, where animals were reportedly being tred illegally.