Venezuela Hosts High-Level World Bank Delegation
Venezuela reaffirms its commitment to move toward a diversified economy, open to the global market and committed to the well-being of all its citizens. Photo; Venezuelan Presidential Press.
May 15, 2026 Hour: 10:47 pm
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Venezuelan Acting President Delcy Rodríguez met with a World Bank delegation in Caracas this Friday to drive economic stabilization through international investment and job creation, marking a key step in re-engaging with multilateral financial bodies.
Venezuela’s Acting President, Delcy Rodríguez, held a pivotal meeting on May 15 with a high-level World Bank delegation in Caracas. The primary objective of these discussions was to propel the country’s stabilization through international investment, robust job creation, and sustained economic growth.
The encounter signifies a significant step in Venezuela’s ongoing efforts to rebuild its economy and re-engage with multilateral financial institutions following a period of strained relations and economic sanctions.
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The delegation from the multilateral credit institution was led by the World Bank’s Vice President for Latin America and the Caribbean, Susana Cordeiro Guerra, who was accompanied by a dedicated technical team from the organization, as stated by the Venezuelan Government in an official communiqué.
This initial meeting aimed to thoroughly explore the recent advancements in the Venezuelan economy, as well as to meticulously assess the profound impact of the coercive measures that have been imposed against the Bolivarian nation.
The dialogue, characterized as both cordial and constructive, enabled both parties to engage in a comprehensive exchange of perspectives concerning Venezuela’s economic progress. It also facilitated the exploration of potential avenues for collaboration, particularly in the realm of technical assistance.
“The talks, conducted in a cordial and constructive atmosphere, allowed both parties to exchange views on recent economic developments in Venezuela and explore possible areas of collaboration in technical assistance”, pointed out in the missive circulated by the Venezuelan Executive.
This cooperation is crucial for Venezuela as it strives to implement reforms and strengthen its institutional frameworks. Through these strategic actions, Venezuela firmly reaffirms its unwavering commitment to advancing towards a truly diversified economy – one that is not only open to the global market but also deeply committed to the welfare of all its citizens. The nation seeks to fully recover its representation within these international organizations, of which it has been a historical member since 1946, underscoring its long-standing participation in global financial governance.
Text reads: “Statement: Official visit of the World Bank to Venezuela
The Government of the Bolivarian Republic of Venezuela and the World Bank, following the announcement of the resumption of their institutional relationship, carried out this week an official visit to Caracas, headed by Susana Cordeiro Guerra, World Bank Vice-President for Latin America and the Caribbean, accompanied by a technical team of the institution. During the visit, the World Bank delegation was greeted by Acting President Delcy Rodríguez and her economic team. The talks, conducted in a cordial and constructive atmosphere, allowed both sides to exchange views on recent economic developments in Venezuela and explore possible areas of collaboration in technical assistance.”
This crucial meeting follows a significant announcement made on April 16, when Acting President Delcy Rodríguez informed the public about the resumption of relations between Venezuela and the International Monetary Fund (IMF). Subsequently, both the IMF and the World Bank confirmed the resumption of cooperation with Caracas, a relationship that had been suspended since 2019. This suspension had severely impeded Venezuela’s access to much-needed external financing and its special drawing rights (SDRs) for 9 years, profoundly affecting the nation’s capacity for economic maneuver.
Delcy Rodríguez explicitly stated that Venezuela does not plan to access the IMF’s debt program. Instead, the Government fully expects to recover its special drawing rights, which have been unjustly blocked by that organization since 2019. The retrieval of these funds would immediately allow the country to make substantial investments in critical public services, including the national electricity system and the water distribution network. This strategic approach underscores Venezuela’s commitment to financial sovereignty and its determination to utilize its own resources for national development, rather than incurring new debt.
Author: Laura V. Mor
Source: Venezuelan Presidential Press
