The IDB Group supports Venezuela in laying the foundations for sustained and broad-based growth and social development, with a particular focus on resilient reconstruction following the June 2026 earthquakes.
Venezuela holds a strategic location in Latin America and the Caribbean and has significant potential for economic and social development. Recent reengagement with the international community has created an opportunity to deepen collaboration with international financial institutions to support recovery, resilient reconstruction, and long-term development.
Achieving lasting improvements in people's living conditions will require progress on multiple fronts, including rehabilitating critical infrastructure, particularly the electricity system; strengthening the conditions for private investment and access to finance; and improving social services for the most vulnerable. The June 2026 earthquakes added urgent reconstruction needs, including restoring essential basic services and key logistics infrastructure.
The 2026–2028 Country Engagement Note provides a flexible framework for the IDB Group to support Venezuela’s recovery through a gradual approach. It builds on the Group’s longstanding partnership with the country as a founding member of the IDB and draws from decades of analytical work and operational experience in critical sectors such as energy, water and sanitation, social protection, and institutional strengthening.
The IDB Group’s work will focus on three mutually reinforcing priorities: restoring the conditions for economic activity, strengthening social services and protection, and supporting reconstruction. Macroeconomic stability and natural disaster risk management will support all three priorities as cross-cutting areas:
Helping strengthen the electricity sector and create better conditions for private investment and market development.
Supporting access to basic services, social protection, and food security for vulnerable populations.
Helping restore infrastructure and improve living conditions while promoting resilient reconstruction.
Explore the IDB's ongoing and historical projects and technical cooperation initiatives in Venezuela, reflecting the Bank's longstanding commitment to recovery, reconstruction, and development.
| Project Number | Sector | Subsector | Project Title | Financing | Project Status | Approval Date |
|---|---|---|---|---|---|---|
| VE-T1118 | REFORM / MODERNIZATION OF THE STATE | NATIONAL STATISTICS SYSTEMS AND CENSUSES | Strengthening the National Institute of Statistics | 600,000.00 | Preparation | |
| VE-T1117 | ENVIRONMENT AND NATURAL DISASTERS | IMMEDIATE RESPONSE TO EMERGENCY | Humanitarian Assistance for Populations Affected by the impacts of the Earthquakes that hit the Central Coast of Venezuela | 500,000.00 | Implementation | Jul. 1, 2026 |
| VE-T1116 | OTHER | OTHER | Venezuelan Technical Assistance Program | 5,960,000.00 | Preparation |
- Sector: REFORM / MODERNIZATION OF THE STATE
- Project Status: Preparation
- Approval Date:
- Financing: 600,000.00
- Sector: ENVIRONMENT AND NATURAL DISASTERS
- Project Status: Implementation
- Approval Date: Jul. 1, 2026
- Financing: 500,000.00
- Sector: OTHER
- Project Status: Preparation
- Approval Date:
- Financing: 5,960,000.00
Meet the Country Representative
Miguel Coronado, a Colombian citizen, is the General Manager of the Regional Country Department Andean Group at the Inter-American Development Bank (IDB). He is also the IDB Country Representative for Venezuela since November 2021. In addition, Mr. Coronado was the IDB Representative in the Dominican Republic (2018 - 2021), managing the Bank’s sovereign and non-sovereign portfolio, technical assistance program, and acknowledged initiatives.
Furthermore, he served as Chief of Operations for the IDB Office in Mexico for eight years (2010 -2018), defining and delivering the Bank’s country program, monitoring the implementation and management of the IDB portfolio, and providing guidance on the preparation, analysis, and negotiation of new projects. During 1991 and 2010, he worked as a Project Attorney in the IDB´s Legal Department.
Mr. Coronado holds a JD from Universidad de los Andes in Colombia and an LLM focused on International and Comparative Law from George Washington University.
Venezuela plays a pivotal role as a founding member of the IDB. Like all IDB member countries, Venezuela appoints a Governor to represent the country on the Board of Governors.
At the IDB’s Washington, D.C. headquarters, Venezuela shares a board seat with Panama, collectively represented by an Executive Director. This Director is elected every three years by the Governors of Venezuela and Panama.
Executive Director: Jose Manuel Soto Suarez
ALTERNATE EXECUTIVE DIRECTOR(S):
- Juan Francisco Aleman
ELECTED BY: Panama and Venezuela
Total Contribution: 67,782,365
Number of votes: 482,402
of the institution's ownership
Venezuela holds a strategic location in Latin America and the Caribbean and has significant potential for economic and social development. Recent reengagement with the international community has created an opportunity to deepen collaboration with international financial institutions to support recovery, resilient reconstruction, and long-term development.
Achieving lasting improvements in people's living conditions will require progress on multiple fronts, including rehabilitating critical infrastructure, particularly the electricity system; strengthening the conditions for private investment and access to finance; and improving social services for the most vulnerable. The June 2026 earthquakes added urgent reconstruction needs, including restoring essential basic services and key logistics infrastructure.
The 2026–2028 Country Engagement Note provides a flexible framework for the IDB Group to support Venezuela’s recovery through a gradual approach. It builds on the Group’s longstanding partnership with the country as a founding member of the IDB and draws from decades of analytical work and operational experience in critical sectors such as energy, water and sanitation, social protection, and institutional strengthening.
The IDB Group’s work will focus on three mutually reinforcing priorities: restoring the conditions for economic activity, strengthening social services and protection, and supporting reconstruction. Macroeconomic stability and natural disaster risk management will support all three priorities as cross-cutting areas:
Helping strengthen the electricity sector and create better conditions for private investment and market development.
Supporting access to basic services, social protection, and food security for vulnerable populations.
Helping restore infrastructure and improve living conditions while promoting resilient reconstruction.
Explore the IDB's ongoing and historical projects and technical cooperation initiatives in Venezuela, reflecting the Bank's longstanding commitment to recovery, reconstruction, and development.
| Project Number | Sector | Subsector | Project Title | Financing | Project Status | Approval Date |
|---|---|---|---|---|---|---|
| VE-T1118 | REFORM / MODERNIZATION OF THE STATE | NATIONAL STATISTICS SYSTEMS AND CENSUSES | Strengthening the National Institute of Statistics | 600,000.00 | Preparation | |
| VE-T1117 | ENVIRONMENT AND NATURAL DISASTERS | IMMEDIATE RESPONSE TO EMERGENCY | Humanitarian Assistance for Populations Affected by the impacts of the Earthquakes that hit the Central Coast of Venezuela | 500,000.00 | Implementation | Jul. 1, 2026 |
| VE-T1116 | OTHER | OTHER | Venezuelan Technical Assistance Program | 5,960,000.00 | Preparation |
- Sector: REFORM / MODERNIZATION OF THE STATE
- Project Status: Preparation
- Approval Date:
- Financing: 600,000.00
- Sector: ENVIRONMENT AND NATURAL DISASTERS
- Project Status: Implementation
- Approval Date: Jul. 1, 2026
- Financing: 500,000.00
- Sector: OTHER
- Project Status: Preparation
- Approval Date:
- Financing: 5,960,000.00
Meet the Country Representative
Miguel Coronado, a Colombian citizen, is the General Manager of the Regional Country Department Andean Group at the Inter-American Development Bank (IDB). He is also the IDB Country Representative for Venezuela since November 2021. In addition, Mr. Coronado was the IDB Representative in the Dominican Republic (2018 - 2021), managing the Bank’s sovereign and non-sovereign portfolio, technical assistance program, and acknowledged initiatives.
Furthermore, he served as Chief of Operations for the IDB Office in Mexico for eight years (2010 -2018), defining and delivering the Bank’s country program, monitoring the implementation and management of the IDB portfolio, and providing guidance on the preparation, analysis, and negotiation of new projects. During 1991 and 2010, he worked as a Project Attorney in the IDB´s Legal Department.
Mr. Coronado holds a JD from Universidad de los Andes in Colombia and an LLM focused on International and Comparative Law from George Washington University.
Venezuela plays a pivotal role as a founding member of the IDB. Like all IDB member countries, Venezuela appoints a Governor to represent the country on the Board of Governors.
At the IDB’s Washington, D.C. headquarters, Venezuela shares a board seat with Panama, collectively represented by an Executive Director. This Director is elected every three years by the Governors of Venezuela and Panama.
Executive Director: Jose Manuel Soto Suarez
ALTERNATE EXECUTIVE DIRECTOR(S):
- Juan Francisco Aleman
ELECTED BY: Panama and Venezuela
Total Contribution: 67,782,365
Number of votes: 482,402
of the institution's ownership
IDB Group Office in Venezuela
Av. Venezuela, Torre Banco Bicentenario,
Piso 3, El Rosal,
Caracas, Venezuela
E-mail: [email protected]
Press Inquiries: [email protected]
We design and enable innovative and effective solutions that promote inclusive and sustainable development in the region.
Learn more about our development goals and priorities for our work in Latina America and the Caribbean.
Find opportunities to become a provider of goods and services for development projects financed by the IDB in Latin America and the Caribbean.