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: [email protected]
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 |
|---|---|---|---|---|---|---|
| TC8308133 | SCIENCE AND TECHNOLOGY | R&D AND INNOVATION FUNDING | Advising to Conicit, Electronics | 13,000.00 | Closed | Jul. 12, 1983 |
| TC8806202 | SCIENCE AND TECHNOLOGY | R&D AND INNOVATION FUNDING | Financing Program for Science & Technol. | 12,100.00 | Closed | Oct. 17, 1988 |
| TC9105033 | - | - | Livestock Control | 30,000.00 | Closed | Jun. 13, 1991 |
| TC9412488 | - | - | Preparation of Laws and Regulations | 30,000.00 | Closed | Dec. 27, 1994 |
| TC9710353 | FINANCIAL MARKETS | BANKING MARKET DEVELOPMENT | Preparation of the Forintur Program | 850,000.00 | Cancelled | Apr. 22, 1998 |
| VE-L1021 | ENERGY | NEW POWER DISTRIBUTION & TRANSMISSION PROJECTS | Comprehensive Institutional Development of CORPOELEC | 250,000,000.00 | Closed | Oct. 14, 2009 |
| VE-M1009 | PRIVATE FIRMS AND SME DEVELOPMENT | PRIVATE FIRMS AND SME DEVELOPMENT | Competitiveness Development of Small Entrepreneurships of Táchira State | 200,000.00 | Closed | May. 5, 2006 |
| VE-T1050 | ENERGY | ENERGY SECTOR REHABILITATION AND EFFICIENCY | A Powerhouse 1 Central Simon Bolivar" Project | 340,000.00 | Closed | Sep. 28, 2015 |
- Sector: SCIENCE AND TECHNOLOGY
- Project Status: Closed
- Approval Date: Jul. 12, 1983
- Financing: 13,000.00
- Sector: SCIENCE AND TECHNOLOGY
- Project Status: Closed
- Approval Date: Oct. 17, 1988
- Financing: 12,100.00
- Sector: -
- Project Status: Closed
- Approval Date: Jun. 13, 1991
- Financing: 30,000.00
- Sector: -
- Project Status: Closed
- Approval Date: Dec. 27, 1994
- Financing: 30,000.00
- Sector: FINANCIAL MARKETS
- Project Status: Cancelled
- Approval Date: Apr. 22, 1998
- Financing: 850,000.00
- Sector: ENERGY
- Project Status: Closed
- Approval Date: Oct. 14, 2009
- Financing: 250,000,000.00
- Sector: PRIVATE FIRMS AND SME DEVELOPMENT
- Project Status: Closed
- Approval Date: May. 5, 2006
- Financing: 200,000.00
- Sector: ENERGY
- Project Status: Closed
- Approval Date: Sep. 28, 2015
- Financing: 340,000.00
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: [email protected]
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 |
|---|---|---|---|---|---|---|
| TC8303240 | EDUCATION | COMPENSATORY EDUCATION | Advising to Corpoturismo, Reestructurat. | 16,000.00 | Closed | Apr. 19, 1983 |
| TC8702161 | AGRICULTURE AND RURAL DEVELOPMENT | IRRIGATION AND DRAINAGE | Identif., Projects of Basins Management | 26,000.00 | Closed | Feb. 19, 1987 |
| TC9101239 | - | - | Bolivar Program | 30,000.00 | Closed | Feb. 13, 1991 |
| TC9308330 | ENERGY | ENERGY | Training for Fundelec | 20,000.00 | Closed | Aug. 20, 1993 |
| TC9705297 | REFORM / MODERNIZATION OF THE STATE | REFORM / MODERNIZATION OF THE STATE | Citizen Education Support Program | 210,000.00 | Closed | Dec. 18, 1997 |
| VE-L1003 | ENERGY | NEW HYDROPOWER PROJECTS | Tocoma Hydroelectric Power Plant | 3,061,000,000.00 | Closed | Nov. 14, 2005 |
| VE-L1059 | PRIVATE FIRMS AND SME DEVELOPMENT | MICROENTERPRISE DEVELOPMENT | Support to Acam-San Cristobal | 500,000.00 | Closed | Dec. 14, 1993 |
| VE-T1026 | SOCIAL INVESTMENT | POVERTY ALLEVIATION | National System of Youth Orchestras. Impact Evaluation | 995,000.00 | Closed | Sep. 19, 2011 |
- Sector: EDUCATION
- Project Status: Closed
- Approval Date: Apr. 19, 1983
- Financing: 16,000.00
- Sector: AGRICULTURE AND RURAL DEVELOPMENT
- Project Status: Closed
- Approval Date: Feb. 19, 1987
- Financing: 26,000.00
- Sector: -
- Project Status: Closed
- Approval Date: Feb. 13, 1991
- Financing: 30,000.00
- Sector: ENERGY
- Project Status: Closed
- Approval Date: Aug. 20, 1993
- Financing: 20,000.00
- Sector: REFORM / MODERNIZATION OF THE STATE
- Project Status: Closed
- Approval Date: Dec. 18, 1997
- Financing: 210,000.00
- Sector: ENERGY
- Project Status: Closed
- Approval Date: Nov. 14, 2005
- Financing: 3,061,000,000.00
- Sector: PRIVATE FIRMS AND SME DEVELOPMENT
- Project Status: Closed
- Approval Date: Dec. 14, 1993
- Financing: 500,000.00
- Sector: SOCIAL INVESTMENT
- Project Status: Closed
- Approval Date: Sep. 19, 2011
- Financing: 995,000.00
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