What did IMF know about Venezuela coup, and when did they know it?

From the Just Foreign Policy listserv

Hours after a military coup overthrew the democratically elected government in Venezuela in 2002, the International Monetary Fund declared its readiness to work with the coup government. How was this decision reached? What did they know, and when did they know it? Members of Congress are trying to find out.

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  • Joe Hartley

    The IMF, like the Fed, has detailed contingency plans on almost every likely occurence. A coup is hardly an unexpected occurence in Latin America, and it would be folly not to have contingency plans on hand. There’s nothing particularly cynical or sinister about this, although had Wolfowitz continued running the IMF, you can be sure that there would have been NO plans remaining for contingencies.

    The IMF, unlike the Bush administration, is competent and has foresight.

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