KINGSTON, Jamaica — The International Monetary Fund (IMF) said on Thursday it has resumed dealings with Venezuela after a seven-year pause, reopening a channel that could eventually restore the country’s access to global financial support.

The fund said the decision follows backing from member countries representing a majority of its voting power, allowing it to engage with the administration led by Delcy Rodríguez in line with its rules on government recognition.

The move ends a diplomatic impasse that had effectively frozen Venezuela out of the IMF since March 2019, when disputes among member states over which government to recognise halted engagement.

In a statement, the IMF said it would now resume interactions with Venezuelan authorities, a step that typically precedes economic assessments, technical assistance, and, potentially, discussions on financial support programmes.

While the announcement does not in itself unlock funding, it clears a critical procedural hurdle that had prevented Venezuela from accessing IMF resources, including billions of dollars in Special Drawing Rights allocated to member countries during the COVID-19 pandemic.

The resumption of dealings comes amid a broader shift in international posture towards Venezuela, with several governments moving to recognise Rodríguez’s administration, easing a years-long standoff that had isolated the country from multilateral institutions.

For investors and policymakers, IMF engagement is often viewed as a signal of credibility, particularly for economies seeking to rebuild after prolonged instability. Any formal financial programme, however, would require a request from the Venezuelan authorities and agreement on a set of economic reforms.

Venezuela’s economy remains fragile after years of contraction, high inflation, and institutional strain. The IMF has previously described the country’s economic and humanitarian conditions as severe, with recovery dependent on sustained policy adjustments and external support.

The fund did not indicate a timeline for any potential programme discussions, but analysts say the restoration of formal engagement is a necessary first step if Venezuela is to regain access to multilateral financing and re-enter global capital markets.

For now, the decision signals that Venezuela is once again within the IMF’s operational framework — a shift that could reshape its economic prospects, but only if followed by credible policy action and continued international backing.