Venezuela will not be able to work with IDB and CAF until it pays a debt that exceeds 2.5 billion dollars

Venezuela.- The senior advisor to the Inter-American Development Bank (IDB), Adriana D’Elia, indicated that this organization and the Development Bank of Latin America and the Caribbean (CAF) will not be able to begin operating in Venezuela until the country pays off a debt that reaches approximately 2.5 billion dollars with each of those institutions.

“Neither CAF nor IDB can begin operating in Venezuela until the debt is paid; that is, there can be no credit operations or investment projects until Venezuela pays the debt. It owes 2.5 billion dollars to the IDB and something similar to CAF, and it is a process that will be complex,” stated D’Elia at a forum organized by the NGO Transparencia Venezuela this Thursday, June 4.

The government of acting president Delcy Rodríguez reestablished relations with the International Monetary Fund (IMF) and the World Bank (WB), within the framework of a policy that seeks to reintegrate Caracas into multilateral entities and open strategic sectors of the economy to private capital.

The interim president of Venezuela, Delcy Rodríguez, addresses the media in Caracas, Venezuela. April 13, 2026.

We recommend reading:

D’Elia suggested that “there has been talk that the possibility of payment involves the Special Drawing Rights (SDR) funds that Venezuela has at the IMF”, equivalent to about 5 billion dollars.

As long as the Chavista regime does not fulfill its commitments to these institutions, the relationship will be limited to “technical cooperation for information and program design, but which cannot be executed.” “If it does not pay the IDB and CAF, it will be much more complex,” he noted.

Data

D’Elia maintained that Venezuela’s reconnection with international bodies can contribute to building transparency, institutional capacity, and conditions for a democratic transition. He recalled that the IDB and CAF have changed their paradigms to prioritize “institutional reconstruction” as an indispensable condition for the execution of projects.

He considered that the lack of institutions, the opacity in public data, the low execution capacity, and corruption made Venezuela a fragile nation. To begin to reverse this situation, he pointed out that multilateral entities must collaborate in the development of an “integrated transparency platform,” in order to obtain reliable information for the design of public policies. Venezuela resumed its relationship with the IMF.

“The first infrastructure is the capacity to see the territory. Right now we do not have information from Venezuela, we do not have the real capacity to understand what is happening”, warned the advisor, who drew attention to the need to create institutional, social, and security indicators to evaluate the situation of the Venezuelan State.

D’Elia proposed the creation of “pilot institutional spaces” in Venezuelan territory, where new policies can be correctly applied, their results measured, and then progressively expanded throughout the country.