The Daily Journal.- A group of representatives from the World Bank will visit Caracas to meet with Venezuelan authorities, marking the first in-person meeting of this kind since formal relations were restored last month, according to a Bloomberg report.
Venezuela has been a member of the financial institution since 1946, although the last loan granted to the country dates back to 2005.
The visit was officially confirmed by the institution itself following a request for information from the financial news outlet.
“The trip will be led by the World Bank’s Vice President for Latin America and the Caribbean, Susana Cordeiro Guerra,” sources familiar with the matter said, requesting anonymity because they were not authorized to speak publicly.
The World Bank Group officially announced in April the resumption of its relations with Venezuela, which had been suspended since 2019 due to disputes over the recognition of the government.
Last month, Venezuela’s ambassador to the United States, Félix Plasencia, was received by the institution’s Vice President for Latin America and the Caribbean. Cordeiro Guerra described the meeting as productive and stated that “as engagement resumes, there is a real opportunity to unlock jobs, attract investment, and support growth.”
