appoints

Caracas, April 17, 2026 (venezuelanalysis.com) – Venezuela has reestablished ties with the International Monetary Fund (IMF) after a seven-year hiatus.

Acting President Delcy Rodríguez confirmed the news on Thursday night, calling it a “great achievement of Venezuelan diplomacy” and a “very important step” for the Venezuelan economy.

“This is the result of months-long negotiations that the Venezuelan far-right unsuccessfully tried to sabotage,” she stated in a televised broadcast. “Good has triumphed.”

The IMF announced the “resumption of dealings” with Venezuela in a statement on Thursday, stating that the decision was “guided by the views of IMF members representing a majority of the total voting power.”

Managing Director Kristalina Georgieva stated earlier this week that the IMF had been approached by Venezuelan authorities at a technical level and that the Caribbean nation “desperately needs help.”

The World Bank likewise issued a statement disclosing the resumption of dealings with the acting Rodríguez government. Venezuela’s last loan with the institution concluded in 2005.

Venezuela had its relationship with the IMF suspended in 2019 after the first Trump administration and allies recognized the self-proclaimed “interim government” led by Juan Guaidó as the Caribbean nation’s legitimate authority.

In March, the White House recognized Rodríguez as Venezuela’s “sole leader” and later withdrew sanctions against her, while US officials spoke of efforts to reincorporate Caracas into the IMF fold.

Though relations were officially frozen in 2019, Venezuela had sought to distance itself from the Washington-based institution more than a decade prior. In 2007, former President Hugo Chávez formally withdrew Venezuela from the IMF and the World Bank, calling them “weapons of US imperialism.”

Chávez repeatedly denounced the US-controlled multilateral institutions’ role in promoting debt and underdevelopment in Global South countries and pushed for the creation of lending institutions as part of Latin American integration efforts. Under Chávez’s predecessors, Venezuela implemented draconian IMF-conditioned structural adjustment policies that saw over half of Venezuelans living in poverty by 1998.

Last year, President Nicolás Maduro stated that Venezuela had “broken the shackles” of the World Bank and the IMF and was instead building its own “self-sustainable model and relations with a new world.”

Venezuela’s priority will be accessing US $5.1 billion in Special Drawing Rights (SDR) that it is entitled to as an IMF member. In 2021, the lending institution issued $650 billion amid the Covid-19 pandemic as an effort to help countries boost reserves and address fiscal needs. 

However, Venezuela was blocked from accessing the funds as the IMF refused to rule on the country’s legitimate authorities.

Caracas’ reengagement with the IMF and the World Bank also comes amid growing speculation about the fate of Venezuela’s sizable foreign debt. The Caribbean nation owes as much as $170 billion from a combination of defaulted bonds, unpaid loans, and international arbitration awards that have accrued interest for years as US sanctions battered Venezuela’s economy and cut it off from credit markets.  

Venezuelan bonds have been rallying in recent weeks following Washington’s rapprochement with Caracas as creditors bet on a debt restructuring deal that can bring significant windfalls.

Since the January 3 US military strikes and kidnapping of President Nicolás Maduro, the Rodríguez administration has fast-tracked a number of pro-business reforms, including in the hydrocarbons and mining sectors. Upon enacting the Mining Law on Thursday, the acting president thanked Trump, Rubio, and other administration officials for their “good disposition” in establishing “cooperation.”

Rodríguez recently announced further plans to overhaul the South American country’s labor, pension, and tax legislation, while also identifying state assets that are “not strategic.” The Cisneros Group, one of Venezuela’s largest business conglomerates, recently announced the raising of funds ahead of expectations of a “wave of privatizations.”

Since January, the Trump administration has imposed control over Venezuelan oil revenues, mandating that royalties, taxes, and dividends be deposited in US Treasury accounts. In a congressional hearing on Thursday, Assistant State Secretary Michael Kozak stated that “around $3 billion” have moved through the dedicated accounts. 

He did not specify what portion of the revenues has been returned to Caracas, only that the funds had been used to pay public sector incomes and import oil industry inputs, while blocking any transactions with China, Cuba, and Iran.

Earlier this week, the Treasury’s Office of Foreign Assets Control (OFAC) issued new restricted licenses allowing transactions with the Venezuelan Central Bank and public banks that are expected to facilitate the partial return of seized Venezuelan export revenues.

On Thursday, Venezuelan authorities additionally announced a change in the Central Bank leadership, with Luis Pérez replacing Laura Guerra as president of the institution. Guerra had been appointed to the post in April 2025 by Maduro.

Pérez is an economist who had served on the BCV board of directors since 2018. In his social media profile, he describes himself as a cryptocurrency enthusiast.

Edited by Lucas Koerner in Fusagasugá, Colombia.

Roelf Meyer will replace the South African ambassador who was expelled from the US by President Donald Trump in 2025.

South Africa has appointed Roelf Meyer, who helped negotiate the end of white minority rule in his country in the 1990s, as the next ambassador to the United States, according to local media.

Meyer’s appointment is seen as a sign that Pretoria is aiming to improve its relations with Washington following a “turbulent year”, according to the South African Broadcasting Corporation.

South Africa has gone without diplomatic representation in Washington, DC, since March 2025, when US President Donald Trump expelled Ambassador Ebrahim Rasool for his criticism of the Make America Great Again (MAGA) movement.

Posting on social media at the time, US Secretary of State Marco Rubio accused Rasool of being a “race-baiting politician” who hates the US and Trump.

Rubio’s post linked to a story by US conservative news site Breitbart that reported on a talk Rasool gave on a webinar organised by a South African think tank. Rasool had spoken in academic terms of the Trump administration’s crackdown on diversity and equity programmes, as well as immigration, and mentioned the possibility of a future US where white people would no longer be in the majority.

Trump last year also issued an executive order freezing most foreign assistance to South Africa amid the country’s legal action at the International Court of Justice over Israel’s genocide in Gaza and the passage of a controversial South African law aimed at correcting historic racial disparities in land ownership.

Tensions escalated further when Trump then launched a refugee programme for white South Africans, whom the US president claims face government-led persecution in their home country.

Meyer, 78, is a seasoned negotiator with experience working under pressure. As a member of South Africa’s white Afrikaans minority, he once served as a minister under the apartheid Nationalist Party government.

He rose to prominence in the 1990s, during the final days of apartheid, as the Nationalist Party held talks with the African National Congress (ANC) to end segregation and white minority rule. The talks paved the way for South Africa’s first democratic elections in 1994.

As the chief negotiator, Ralph had become acquainted with South Africa’s current president, Cyril Ramaphosa, who was then an ANC negotiator.

Meyer himself later joined the ANC in 2006.

He is set to take up the post as US ambassador once all protocols are complete in Washington, DC, according to Ramaphosa’s office.

Lieutenant General Susan Coyle has held several senior command roles over her nearly 40-year military career, including during operations in Afghanistan and the Middle East.

Australia has announced that its army will be led by a woman for the first time in its 125-year history, as part of a reshuffle of the country’s defence force leadership.

Lieutenant General Susan Coyle, the current chief of joint capabilities, will become the chief of army in July, the government said in a statement on Monday. She will replace Lieutenant General Simon Stuart, who assumed the post in July 2022.

Coyle’s career spans nearly four decades, during which she has held several senior command roles, including during operations in Afghanistan and the Middle East.

Her appointment comes as the Australian military seeks to boost the number of female officers in its ranks. It is facing a wave of allegations of systemic sexual harassment and discrimination.

“From July, we will have the first ever female chief of army in the Australian Army’s 125-year history,” Prime Minister Anthony Albanese said in a statement.

Defence Minister Richard Marles called Coyle’s appointment a “deeply historic moment”.

“As Susan said to me, you cannot be what you cannot see,” Marles said.

“Susan’s achievement will be deeply significant to women who are serving in the Australian Defence Force today and women who are thinking about serving in the Australian Defence Force in the future.”

Australia’s army is undergoing a major transformation, equipping itself with long-range firepower, drones and other modern combat tools.

Coyle, 55, stressed her experience in areas such as cyber-warfare. “This breadth of experience provides a strong foundation for the responsibilities of command and the trust placed in me,” she said.

Women currently make up about 21 percent of the Australian defence forces, or ADF, and 18.5 percent of senior leadership roles. The ADF has set a target of 25 percent of overall participation for women by 2030.

Last October, a class action lawsuit was filed against the ADF alleging it failed to protect thousands of women officers from systematic sexual assault, harassment and discrimination.

The government on Monday also appointed Vice Admiral Mark Hammond, the current chief of the navy, as the head of the ADF, succeeding Admiral David Johnston.

The current deputy chief of the navy, Rear Admiral Matthew Buckley, will replace Hammond as head of the branch.