IMF threatens to expel Venezuela for failing to provide economic data

Washington (AFP) – The International Monetary Fund said Wednesday it ordered Venezuela to swiftly provide key economic data, threatening to exclude the South American country under a process known as “censure.”

The IMF board concluded that Venezuela has failed to implement measures ordered by the IMF, or to provide key information. “The Fund has issued a declaration of censure against Venezuela,” said the IMF statement. The IMF has not has not been able to conduct the annual review of the Venezuelan economy since 2004.