First IDB disbursement to Venezuela to be dedicated to social strengthening
At the end of this month and the beginning of November, Venezuela will receive the first disbursement of $2 billion from the Inter-American Development Bank (IDB). These funds will be used for ordinary expenses such as bonus payments and improvements in the health and education sectors
Following the restoration of relations between Venezuela and the Inter-American Development Bank (IDB), the country will receive the first disbursement of $2 billion. This money will be used for what has been termed “social strengthening.”
It is estimated that the funds will be invested in ordinary payments, as well as improvements to the health and education sectors.
This first disbursement, in cash, is part of a total of $12 billion that the organization plans to lend to Venezuela.
It was learned that another disbursement of $2 billion is scheduled for early 2027 as part of the aid plan.
M.Pino
With information from bitacoraeconomica and other national and international media outlets
(Reference image source: Logan Voss on Unsplash)
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