Friday, May 11, 2007

Chavez Plan for Venezuela to Leave The IMF `Not Imminent,' Barclays Says

(Bloomberg) -- Venezuelan President Hugo Chavez is likely to seek an orderly withdrawal from the International Monetary Fund that may avert triggering declines in bond prices, Barclays Capital Inc. said.

Chavez, who announced his intention to leave the IMF last week, is unlikely to attempt an ``imminent'' pullout, according to a report by Barclays economist Luisa Palacios in New York, distributed today by e-mail.


Read more at Bloomberg Emerging Markets News

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