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Venezuela
Venezuela

The Country Office of Venezuela works in four strategic areas of cooperation: electric power, water and sanitation, natural disaster risk management, and social protection mainly through sovereign-guaranteed interventions, as well as non reimbursable resources.

Vista panorámica del Parque El Ávila en Caracas. Venezuela - Banco Interamericano de Desarrollo - BID 
Country Office

The IDB Group has been developing and implementing actions for 2021-2023 to respond to the socio-economic crisis affecting the nation. This work focuses on two strategic axes: addressing the humanitarian crisis and preparing interventions for the country´s recovery once the political and financial situation ends. Based on the needs and limitations, these axes comprise two cross-cutting themes: knowledge generation and dissemination and addressing the migration crisis. The goal is to allow the Bank to lead an informed dialogue and implement actions for the country’s social and economic recovery, including strengthening public finances, the social safety net, improved public services, and human capital. Furthermore, the aim is to promote and attract private investment and strengthen institutions and the rule of law. To the same extent, these actions incorporate climate change and sustainability, and social and economic integration.

Miguel Coronado Hunter
Miguel Coronado Hunter
Representative
BIDVenezuela@iadb.org

 

Our team on the Ground

Address: Av. Venezuela, Torre Principal Banco Bicentenario, Piso 3, El Rosal, Caracas, Venezuela

Mailing Address: Av. Venezuela, Torre Principal Banco Bicentenario, Piso 3, El Rosal, Caracas, Venezuela

(T) (58-212) 955-2900

(F) (58-212) 955-2999

Country representation

Executive Director: Gustavo Tarre Briceno

ALTERNATE EXECUTIVE DIRECTOR(S):

  • Carlos Alberto Vallarino Rangel

ELECTED BY: Panama and Venezuela

Total Contribution: 67,782,400

Number of votes: 482,402

of the institution's ownership

IDB and World Bank: No Time to Waste to Address Learning Crisis in Latin America and the Caribbean
-Three in four 15-year-olds in Latin American countries are unable to demonstrate foundational math skills; more than one in two cannot meet reading skills.  -This sends a loud alarm signal on the future employment prospects of a large number of young people across the region and subsequent effects...
March 04, 2024
IDB Group Presents Projects in Chile to US Treasury Secretary
The Inter-American Development Bank Group (IDB Group) presented sustainable infrastructure and innovation projects in Chile’s Antofagasta Region to U.S. Treasury Secretary Janet Yellen during her visit to the country to deepen bilateral economic relations between the United States and Chile.
March 02, 2024
Multilateral Development Banks Announce Common Principles to Track Nature-Related Finance
DUBAI – The Inter-American Development Bank (IDB) and other multilateral development banks (MDBs) have published a set of common principles to track nature-positive finance, making it easier for MDBs to implement screening and tracking systems that quantify the volume of finance going to nature...
December 09, 2023
Feb 26, 2024
EconNet: Becoming Legible to the State: The Role of Identification and Collection Capacity in Tax Compliance
07:00 AM - 08:30 AM
United States - Washington, D.C.
Mar 13, 2024
Launch of Government at a Glance: Latin America and the Caribbean 2024
06:00 AM - 07:25 AM
Jul 18, 2024
The Win-Win of Unbranded Generic Drugs Substitution: The Chile and Dominican Republic cases
06:00 AM - 07:00 AM
United States - Washington, D.C.

Videos available in Spanish

Integración y gobernanza: ¿cuál será el futuro de América Latina y el Caribe en el 2030?
Learn More
¿Qué significa mejorar vidas en América Latina y el Caribe? Desarrollo de impacto con sello BID
Learn More
¿Cuáles son los ejes para una integración regional inteligente, sostenible e inclusiva?
Learn More
Strategy and Projects

Venezuela is one of the founding member countries of the IDB. Like all the shareholders, Venezuela appoints a Governor, who represents the country on the Board of Governors.

For day-to-day business at the Bank's Headquarters in Washington, D.C., Venezuela is represented by a chair on the Board of Executive Directors. The chair, shared with Panama, is headed by an Executive Director, who is elected to a three-year term by the Governors of Venezuela and Panama.

Country strategies remain valid for one year beyond the stated period, as they remain active throughout the preparation of the following strategy.   

hands
IDB Country Strategy with Venezuela
Download
Project Number Sector Projects Financing Project Status Approval Date
VE-T1108 PRIVATE FIRMS AND SME DEVELOPMENT Silver Innovation Partnership for Venezuela: Coordinating Efforts Across the Country with the Diaspora to Innovate and Address the Needs of Vulnerable Older Adults 740,000 Implementation
VE-G1002 WATER AND SANITATION Support the improvement of water supply in priority health centers in Venezuela 1,900,000 Preparation
VE-T1106 HEALTH Support for the implementation of priority health actions in the Maniapure region of the Venezuelan Amazon territory 150,000 Implementation
VE-T1105 EDUCATION Analysis of education in Venezuela: infrastructure, teachers and school feeding 180,000 Implementation
VE-T1103 Support for the Infrastructure Action Plan in Venezuela 435,000 Implementation
VE-T1102 ENVIRONMENT AND NATURAL DISASTERS Tourism innovation to generate opportunities in indigenous communities of the Venezuelan Amazon 300,000 Implementation
VE-L1052 Auge Lara: Institutional Support 500,000 Closed
VE0056 WATER AND SANITATION Rehab.Modernization Support Water & Sanit. Sector 68,000,000 Closed
hands
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Country Office

The IDB Group has been developing and implementing actions for 2021-2023 to respond to the socio-economic crisis affecting the nation. This work focuses on two strategic axes: addressing the humanitarian crisis and preparing interventions for the country´s recovery once the political and financial situation ends. Based on the needs and limitations, these axes comprise two cross-cutting themes: knowledge generation and dissemination and addressing the migration crisis. The goal is to allow the Bank to lead an informed dialogue and implement actions for the country’s social and economic recovery, including strengthening public finances, the social safety net, improved public services, and human capital. Furthermore, the aim is to promote and attract private investment and strengthen institutions and the rule of law. To the same extent, these actions incorporate climate change and sustainability, and social and economic integration.

Miguel Coronado Hunter
Miguel Coronado Hunter
Representative
BIDVenezuela@iadb.org

 

Our team on the Ground

Address: Av. Venezuela, Torre Principal Banco Bicentenario, Piso 3, El Rosal, Caracas, Venezuela

Mailing Address: Av. Venezuela, Torre Principal Banco Bicentenario, Piso 3, El Rosal, Caracas, Venezuela

(T) (58-212) 955-2900

(F) (58-212) 955-2999

Country representation

Executive Director: Gustavo Tarre Briceno

ALTERNATE EXECUTIVE DIRECTOR(S):

  • Carlos Alberto Vallarino Rangel

ELECTED BY: Panama and Venezuela

Total Contribution: 67,782,400

Number of votes: 482,402

of the institution's ownership

IDB and World Bank: No Time to Waste to Address Learning Crisis in Latin America and the Caribbean
-Three in four 15-year-olds in Latin American countries are unable to demonstrate foundational math skills; more than one in two cannot meet reading skills.  -This sends a loud alarm signal on the future employment prospects of a large number of young people across the region and subsequent effects...
March 04, 2024
IDB Group Presents Projects in Chile to US Treasury Secretary
The Inter-American Development Bank Group (IDB Group) presented sustainable infrastructure and innovation projects in Chile’s Antofagasta Region to U.S. Treasury Secretary Janet Yellen during her visit to the country to deepen bilateral economic relations between the United States and Chile.
March 02, 2024
Multilateral Development Banks Announce Common Principles to Track Nature-Related Finance
DUBAI – The Inter-American Development Bank (IDB) and other multilateral development banks (MDBs) have published a set of common principles to track nature-positive finance, making it easier for MDBs to implement screening and tracking systems that quantify the volume of finance going to nature...
December 09, 2023
Feb 26, 2024
EconNet: Becoming Legible to the State: The Role of Identification and Collection Capacity in Tax Compliance
07:00 AM - 08:30 AM
United States - Washington, D.C.
Mar 13, 2024
Launch of Government at a Glance: Latin America and the Caribbean 2024
06:00 AM - 07:25 AM
Jul 18, 2024
The Win-Win of Unbranded Generic Drugs Substitution: The Chile and Dominican Republic cases
06:00 AM - 07:00 AM
United States - Washington, D.C.

Videos available in Spanish

Integración y gobernanza: ¿cuál será el futuro de América Latina y el Caribe en el 2030?
Learn More
¿Qué significa mejorar vidas en América Latina y el Caribe? Desarrollo de impacto con sello BID
Learn More
¿Cuáles son los ejes para una integración regional inteligente, sostenible e inclusiva?
Learn More
Strategy and Projects

Venezuela is one of the founding member countries of the IDB. Like all the shareholders, Venezuela appoints a Governor, who represents the country on the Board of Governors.

For day-to-day business at the Bank's Headquarters in Washington, D.C., Venezuela is represented by a chair on the Board of Executive Directors. The chair, shared with Panama, is headed by an Executive Director, who is elected to a three-year term by the Governors of Venezuela and Panama.

Country strategies remain valid for one year beyond the stated period, as they remain active throughout the preparation of the following strategy.   

hands
IDB Country Strategy with Venezuela
Download
Project Number Sector Projects Financing Project Status Approval Date
VE-T1108 PRIVATE FIRMS AND SME DEVELOPMENT Silver Innovation Partnership for Venezuela: Coordinating Efforts Across the Country with the Diaspora to Innovate and Address the Needs of Vulnerable Older Adults 740,000 Implementation
VE-G1002 WATER AND SANITATION Support the improvement of water supply in priority health centers in Venezuela 1,900,000 Preparation
VE-T1106 HEALTH Support for the implementation of priority health actions in the Maniapure region of the Venezuelan Amazon territory 150,000 Implementation
VE-T1105 EDUCATION Analysis of education in Venezuela: infrastructure, teachers and school feeding 180,000 Implementation
VE-T1103 Support for the Infrastructure Action Plan in Venezuela 435,000 Implementation
VE-T1102 ENVIRONMENT AND NATURAL DISASTERS Tourism innovation to generate opportunities in indigenous communities of the Venezuelan Amazon 300,000 Implementation
VE-L1052 Auge Lara: Institutional Support 500,000 Closed
VE0056 WATER AND SANITATION Rehab.Modernization Support Water & Sanit. Sector 68,000,000 Closed
hands
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Topics

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