Saturday, May 16th 2026 - 03:25 UTC

According to the official communiqué released after the meeting, both sides “agreed to continue working jointly to define the concrete areas of technical collaboration”

The Venezuelan government and the World Bank agreed on Friday in Caracas to work jointly on identifying concrete areas of technical cooperation, in the first high-level encounter between the two parties since the resumption of relations announced last month, which ended a seven-year pause in institutional contacts. The meeting was led by acting President Delcy Rodríguez, who received at the Miraflores Palace the World Bank's Vice President for Latin America and the Caribbean, Susana Cordeiro Guerra.

According to the official communiqué released after the meeting, both sides “agreed to continue working jointly to define the concrete areas of technical collaboration, for the benefit of the economic and social development of the Venezuelan people.” This first meeting addressed possible areas of technical assistance and exchanged views on recent economic developments in the country, although the communiqué did not specify timelines or operational mechanisms. Accompanying Cordeiro Guerra were Shireen Mahdi, Economic Policy Manager for the region, and Óscar Calvo González, Director of Strategy and Operations for Latin America and the Caribbean.