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.
Overview
Venezuela, as a founding member country of the Inter-American Development Bank (IDB), plays a significant role in the organization. Like all IDB shareholders, Venezuela appoints a Governor who represents the country on the Board of Governors.
For daily operations at the IDB’s Headquarters in Washington, D.C., Venezuela is represented on the Board of Executive Directors. This position is shared with Panama and is led by an Executive Director. The Executive Director is elected to a three-year term by the Governors of both Venezuela and Panama.
Executive Director: Gustavo Tarre Briceno
ALTERNATE EXECUTIVE DIRECTOR(S):
- Juan Francisco Aleman
ELECTED BY: Panama and Venezuela
Total Contribution: 67,782,400
Number of votes: 482,402
of the institution's ownership
Address: Av. Venezuela, Torre Principal Banco Bicentenario, Piso 3
El Rosal, Caracas, Venezuela
Av. Venezuela, Torre Principal Banco Bicentenario, Piso 3
El Rosal, Caracas, Venezuela
Phone number: (58-212) 955-2900
E-mail: BIDVenezuela@iadb.org
Videos available in Spanish
The IDB Group is actively addressing the socio-economic crisis impacting the nation through targeted actions for the 2021-2023 period. Our approach focuses on two main strategic areas:
(i) Humanitarian Crisis Response: We are implementing measures to tackle immediate humanitarian needs.
(ii) Recovery Preparation: We are preparing interventions to support the country's recovery once the current political and financial challenges are resolved.
These strategic areas are supported by two essential cross-cutting themes:
(i) Knowledge Generation and Dissemination: Enhancing data and information to guide decision-making and policy development.
(ii) Migration Crisis Management: Addressing the challenges and impacts of migration.
Our goal is to lead a well-informed dialogue and execute actions aimed at the nation's social and economic recovery. This includes:
- Strengthening Public Finances: Ensuring fiscal stability and effective resource management
- Enhancing the Social Safety Net: Improving support systems for vulnerable populations
- Upgrading Public Services: Enhancing the quality and accessibility of essential services
- Developing Human Capital: Investing in education and workforce development
Additionally, we aim to promote private investment, bolster institutional capacity, and uphold the rule of law. Our actions also integrate key considerations such as:
(i) Climate Change and Sustainability: Ensuring that our interventions contribute to environmental sustainability.
(ii) Social and Economic Integration: Fostering inclusive growth and integration across different sectors of society.
By focusing on these priorities, the IDB Group is committed to supporting the nation's recovery and long-term development.
Country strategies remain valid for one year beyond the stated period, as they remain active throughout the preparation of the following strategy
| Project Number | Sector | Subsector | Project Title | Financing | Project Status | Approval Date |
|---|---|---|---|---|---|---|
| VE-T1115 | ENVIRONMENT AND NATURAL DISASTERS | IMMEDIATE RESPONSE TO EMERGENCY | Emergency support due to landslides and floods in Sucre State | 200,000.00 | Implementation | Jul. 30, 2024 |
| VE-T1113 | AGRICULTURE AND RURAL DEVELOPMENT | AGRICULTURAL HEALTH AND FOOD SAFETY | Promotion and support of the Bioeconomy in the Venezuelan Amazon | 200,000.00 | Cancelled | Oct. 23, 2024 |
| VE-T1108 | PRIVATE FIRMS AND SME DEVELOPMENT | MICROENTERPRISE DEVELOPMENT | Silver Innovation Partnership for Venezuela: Coordinating Efforts Across the Country with the Diaspora to Innovate and Address the Needs of Vulnerable Older Adults | 740,000.00 | Implementation | Dec. 5, 2023 |
| VE-G1002 | WATER AND SANITATION | WATER SUPPLY URBAN | Support the improvement of water supply in priority health centers in Venezuela | 1,900,000.00 | Implementation | May. 20, 2024 |
| VE-T1106 | HEALTH | PRIMARY HEALTH CARE | Support for the implementation of priority health actions in the Maniapure region of the Venezuelan Amazon territory | 150,000.00 | Implementation | Sep. 29, 2023 |
| VE-T1105 | EDUCATION | PRIMARY EDUCATION | Analysis of education in Venezuela: infrastructure, teachers and school feeding | 180,000.00 | Implementation | Sep. 22, 2023 |
| VE-T1103 | - | - | Support for the Infrastructure Action Plan in Venezuela | 435,000.00 | Implementation | Sep. 13, 2023 |
| VE-T1102 | ENVIRONMENT AND NATURAL DISASTERS | BIODIVERSITY AND PROTECTED AREAS CONSERVATION | Tourism innovation to generate opportunities in indigenous communities of the Venezuelan Amazon | 300,000.00 | Implementation | Feb. 17, 2023 |
- Sector: ENVIRONMENT AND NATURAL DISASTERS
- Project Status: Implementation
- Approval Date: Jul. 30, 2024
- Financing: 200,000.00
- Sector: AGRICULTURE AND RURAL DEVELOPMENT
- Project Status: Cancelled
- Approval Date: Oct. 23, 2024
- Financing: 200,000.00
- Sector: PRIVATE FIRMS AND SME DEVELOPMENT
- Project Status: Implementation
- Approval Date: Dec. 5, 2023
- Financing: 740,000.00
- Sector: WATER AND SANITATION
- Project Status: Implementation
- Approval Date: May. 20, 2024
- Financing: 1,900,000.00
- Sector: HEALTH
- Project Status: Implementation
- Approval Date: Sep. 29, 2023
- Financing: 150,000.00
- Sector: EDUCATION
- Project Status: Implementation
- Approval Date: Sep. 22, 2023
- Financing: 180,000.00
- Sector: -
- Project Status: Implementation
- Approval Date: Sep. 13, 2023
- Financing: 435,000.00
- Sector: ENVIRONMENT AND NATURAL DISASTERS
- Project Status: Implementation
- Approval Date: Feb. 17, 2023
- Financing: 300,000.00
Overview
Venezuela, as a founding member country of the Inter-American Development Bank (IDB), plays a significant role in the organization. Like all IDB shareholders, Venezuela appoints a Governor who represents the country on the Board of Governors.
For daily operations at the IDB’s Headquarters in Washington, D.C., Venezuela is represented on the Board of Executive Directors. This position is shared with Panama and is led by an Executive Director. The Executive Director is elected to a three-year term by the Governors of both Venezuela and Panama.
Executive Director: Gustavo Tarre Briceno
ALTERNATE EXECUTIVE DIRECTOR(S):
- Juan Francisco Aleman
ELECTED BY: Panama and Venezuela
Total Contribution: 67,782,400
Number of votes: 482,402
of the institution's ownership
Address: Av. Venezuela, Torre Principal Banco Bicentenario, Piso 3
El Rosal, Caracas, Venezuela
Av. Venezuela, Torre Principal Banco Bicentenario, Piso 3
El Rosal, Caracas, Venezuela
Phone number: (58-212) 955-2900
E-mail: BIDVenezuela@iadb.org
Videos available in Spanish
The IDB Group is actively addressing the socio-economic crisis impacting the nation through targeted actions for the 2021-2023 period. Our approach focuses on two main strategic areas:
(i) Humanitarian Crisis Response: We are implementing measures to tackle immediate humanitarian needs.
(ii) Recovery Preparation: We are preparing interventions to support the country's recovery once the current political and financial challenges are resolved.
These strategic areas are supported by two essential cross-cutting themes:
(i) Knowledge Generation and Dissemination: Enhancing data and information to guide decision-making and policy development.
(ii) Migration Crisis Management: Addressing the challenges and impacts of migration.
Our goal is to lead a well-informed dialogue and execute actions aimed at the nation's social and economic recovery. This includes:
- Strengthening Public Finances: Ensuring fiscal stability and effective resource management
- Enhancing the Social Safety Net: Improving support systems for vulnerable populations
- Upgrading Public Services: Enhancing the quality and accessibility of essential services
- Developing Human Capital: Investing in education and workforce development
Additionally, we aim to promote private investment, bolster institutional capacity, and uphold the rule of law. Our actions also integrate key considerations such as:
(i) Climate Change and Sustainability: Ensuring that our interventions contribute to environmental sustainability.
(ii) Social and Economic Integration: Fostering inclusive growth and integration across different sectors of society.
By focusing on these priorities, the IDB Group is committed to supporting the nation's recovery and long-term development.
Country strategies remain valid for one year beyond the stated period, as they remain active throughout the preparation of the following strategy
| Project Number | Sector | Subsector | Project Title | Financing | Project Status | Approval Date |
|---|---|---|---|---|---|---|
| VE-T1115 | ENVIRONMENT AND NATURAL DISASTERS | IMMEDIATE RESPONSE TO EMERGENCY | Emergency support due to landslides and floods in Sucre State | 200,000.00 | Implementation | Jul. 30, 2024 |
| VE-T1113 | AGRICULTURE AND RURAL DEVELOPMENT | AGRICULTURAL HEALTH AND FOOD SAFETY | Promotion and support of the Bioeconomy in the Venezuelan Amazon | 200,000.00 | Cancelled | Oct. 23, 2024 |
| VE-T1108 | PRIVATE FIRMS AND SME DEVELOPMENT | MICROENTERPRISE DEVELOPMENT | Silver Innovation Partnership for Venezuela: Coordinating Efforts Across the Country with the Diaspora to Innovate and Address the Needs of Vulnerable Older Adults | 740,000.00 | Implementation | Dec. 5, 2023 |
| VE-G1002 | WATER AND SANITATION | WATER SUPPLY URBAN | Support the improvement of water supply in priority health centers in Venezuela | 1,900,000.00 | Implementation | May. 20, 2024 |
| VE-T1106 | HEALTH | PRIMARY HEALTH CARE | Support for the implementation of priority health actions in the Maniapure region of the Venezuelan Amazon territory | 150,000.00 | Implementation | Sep. 29, 2023 |
| VE-T1105 | EDUCATION | PRIMARY EDUCATION | Analysis of education in Venezuela: infrastructure, teachers and school feeding | 180,000.00 | Implementation | Sep. 22, 2023 |
| VE-T1103 | - | - | Support for the Infrastructure Action Plan in Venezuela | 435,000.00 | Implementation | Sep. 13, 2023 |
| VE-T1102 | ENVIRONMENT AND NATURAL DISASTERS | BIODIVERSITY AND PROTECTED AREAS CONSERVATION | Tourism innovation to generate opportunities in indigenous communities of the Venezuelan Amazon | 300,000.00 | Implementation | Feb. 17, 2023 |
- Sector: ENVIRONMENT AND NATURAL DISASTERS
- Project Status: Implementation
- Approval Date: Jul. 30, 2024
- Financing: 200,000.00
- Sector: AGRICULTURE AND RURAL DEVELOPMENT
- Project Status: Cancelled
- Approval Date: Oct. 23, 2024
- Financing: 200,000.00
- Sector: PRIVATE FIRMS AND SME DEVELOPMENT
- Project Status: Implementation
- Approval Date: Dec. 5, 2023
- Financing: 740,000.00
- Sector: WATER AND SANITATION
- Project Status: Implementation
- Approval Date: May. 20, 2024
- Financing: 1,900,000.00
- Sector: HEALTH
- Project Status: Implementation
- Approval Date: Sep. 29, 2023
- Financing: 150,000.00
- Sector: EDUCATION
- Project Status: Implementation
- Approval Date: Sep. 22, 2023
- Financing: 180,000.00
- Sector: -
- Project Status: Implementation
- Approval Date: Sep. 13, 2023
- Financing: 435,000.00
- Sector: ENVIRONMENT AND NATURAL DISASTERS
- Project Status: Implementation
- Approval Date: Feb. 17, 2023
- Financing: 300,000.00
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