Board members have raised concerns regarding the country's capacity to repay the funds and suggested that other multilateral lenders should act first to ensure fiscal stability. Despite these concerns, some officials on the board recognize the potential benefits of re-engaging with the member nation, the sources added.
Tuesday, October 20, 2026
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IDB Board Resists $2.5B Loan for Venezuela
Global Markets28 days ago
Ilan Goldfajn, head of the Inter-American Development Bank, is attempting to normalize financial ties with Caracas by providing a new credit line to the government. The president is seeking authorization for a $2.5 billion loan for Venezuela, according to two sources who told Reuters the proposal has faced pushback from members of the lender's board.
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