# Venezuela-IDB economic financing negotiations

> Live situation record from CLSTR: https://clstr.news/situations/venezuela-idb-economic-financing-negotiations
> Updated: 2026-10-02T19:24:08.000Z. Sources: 23. Developments: 2.

The Inter-American Development Bank (IDB) has proposed a $2.5 billion loan for Venezuela to address humanitarian emergencies and restore the national electricity grid. This proposal faces internal resistance from the IDB Board of Directors, with members questioning the decision to provide financing without simultaneous support from the World Bank or the International Monetary Fund. The bank has suspended new lending to Venezuela since 2018 due to significant debt arrears, which totaled approximately $2.187 billion by the end of 2025.

Following these developments, Venezuelan Acting President Delcy Rodríguez led a session of the National Council of Economy in Caracas to coordinate economic efforts with an IDB Group delegation. During an extraordinary session on October 2, 2026, Rodríguez met with a BID Invest delegation led by Executive Director James Scriven to discuss financing mechanisms for the public and private sectors. These discussions focused on technical assistance for the recovery of the National Electric System (SEN) and establishing credit channels for strategic sectors, including infrastructure, agribusiness, manufacturing, tourism, and the digital economy. The plan involves coordinating with national banks to reach private entities such as Banesco, Mercantil, and Empresas Polar.

As of October 2, 2026, the IDB Group has reactivated its office in Caracas. In the energy sector, the Venezuelan government continues to evaluate strategic alliances for natural gas production, holding meetings with representatives from Baker Hughes, New Stratus Energy, and Lindsayca to discuss infrastructure and technologies to improve operational efficiency. Parallel to these economic efforts, the government is managing post-earthquake recovery, including the rehabilitation of over 600 homes and hospital inspections in La Guaira.

## Claims

- Venezuela is seeking to establish financing mechanisms for economic activity, focusing on the private sector, producers, and entrepreneurs. (corroborated by 8 sources)
- BID Invest aims to support the private sector and promote investments that impact the country's development. (corroborated by 6 sources)
- The meeting took place during an extraordinary session of the National Council of Economy in Caracas on October 2, 2026. (corroborated by 6 sources)
- The Inter-American Development Bank (IDB) Group has reactivated its Country Office in Caracas. (corroborated by 5 sources)
- Conversations regarding financing for the public sector are significantly advanced. (corroborated by 4 sources)
- The Venezuelan government is evaluating gas projects with New Stratus Energy, Baker Hughes, and Lindsayca. (corroborated by 4 sources)
- The government is rehabilitating housing and hospital infrastructure following recent earthquakes. (corroborated by 3 sources)
- The recovery of the National Electric System (SEN) is a priority for supporting productive growth. (corroborated by 2 sources)
- Venezuela's monthly inflation rate was 8.4% in September 2026. (single source)

## Timeline

### 2026-10-02: Venezuela advances IDB financing and natural gas projects

Venezuela is working with the IDB Group to establish financing for public and private sectors while evaluating natural gas production partnerships with Baker Hughes and New Stratus Energy.

18 sources. https://clstr.news/cluster/venezuela-and-idb-discuss-economic-financing-in-caracas

### 2026-09-22: Inter-American Development Bank seeks $2.5 billion loan for Venezuela

IDB President Ilan Goldfajn is seeking approval for a $2.5 billion loan to Venezuela for electricity and social needs, despite internal board resistance due to existing debt arrears.

6 sources. https://clstr.news/cluster/inter-american-development-bank-seeks-25-billion-loan-for-venezuela

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Cite as: Venezuela-IDB economic financing negotiations. CLSTR, https://clstr.news/situations/venezuela-idb-economic-financing-negotiations