An economic team from Venezuela, along with representatives from the Central Bank, participated in a meeting with the Managing Director of the International Monetary Fund, Kristalina Georgieva, and the Western Hemisphere team to discuss issues such as technical assistance and mechanisms for recovering assets held abroad.

According to national and international media, during the meeting in Washington, the Venezuelan government reaffirmed its commitment to “strengthening domestic productive capacity and creating greater opportunities for well-being for all citizens.”

The agenda between the two delegations included the following steps for bilateral cooperation, including technical assistance to strengthen institutional capacities and improve macroeconomic management.

Venezuela made clear its respect for sovereignty, self-determination, and dialogue to resume the country’s economic development mechanisms.

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Source: ultimasnoticias

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The reactivation of car assembly in Venezuela in the short term faces the need for investment, the importation of spare parts, and technical support, according to Eduardo Cáceres, president of the Venezuelan Automotive Chamber (Cavenez).

The executive emphasized that the national automotive industry remains “optimistic and hopes that within a suitable timeframe, the necessary investments can be made to create the conditions for both assembling and importing vehicles in Venezuela.”

Currently, the sector depends heavily on imports to ensure the renewal of the vehicle fleet. Furthermore, it requires technical support and spare parts. “Any initiative, whether for importing or light assembly (SKD/CKD), is welcome as long as it complies with regulations, generates jobs, and strengthens the service network,” Cáceres added.

According to the president of Cavenez, consumer demand and brand preferences determine the return of U.S. companies to the country. Current policies seek to “promote an open, diverse, and competitive market, where we choose quality and safety, not flags.”

Cáceres emphasized the important role of Chinese brands in revitalizing the local market, “with excellent technological acceptance by Venezuelans by the end of 2025 and the beginning of 2026.”

In this regard, he said that the Chamber’s objective is to guarantee all brands a solid service structure and ensure compliance with homologation standards “to guarantee a lasting and reliable presence in the country.”

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Source: noticiaalminuto

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International Monetary Fund spokesperson Julie Kozack explained on Thursday, February 19, that the organization is evaluating resuming contact with Venezuela, but clarified that any progress in this regard will depend on a direct request from Caracas, the seat of government.

The IMF has begun gathering information and facts in the South American country “to determine how to proceed, whether through technical assistance or other cooperation mechanisms.”

Regarding the possibility of resuming relations with Venezuelan authorities, Kozack made it clear that this is not something that will happen immediately, as it will depend on validation by a majority vote of the organization’s member countries.

It is important to highlight that this rapprochement occurs “in a new political context,” where the acting president, Delcy Rodríguez, maintains direct contact with the Donald Trump administration.

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Source: 2001online

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Peru will begin pilot tests for a central bank currency, or CBDC, according to the recent announcement by the Central Reserve Bank of Peru.

The local institution has indicated that the main objective is to promote financial inclusion “as an innovative solution in the market in a controlled manner.”

Through circular number 0011-2024BCRP, “Digital Money Innovation Pilot Regulations”, the regulatory body announced the initiative that will have technical assistance from the International Monetary Fund.

The pilot plan is aimed at “facilitating access to digital payment services for the unbanked population, ensuring that they make the population’s economic transactions more practical.”

During the tests, which will be carried out in a controlled manner, digital money issued by the Central Bank will be used, and the private sector will participate.

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Source: cointelegraph

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The prosecutor of the International Criminal Court (ICC), Karim Khan, confirmed the opening of a technical assistance office in Venezuela, with the signing of a memorandum of understanding signed in Caracas with President Nicolás Maduro.

He announced that he and his team visited the premises where the office will be installed, a step that, he assured, will allow greater collaboration “to guarantee that there is more justice” in Venezuela.

“Now we will be able to come to Venezuela more often and work more closely, so that we can help more with technical assistance, with training so that Venezuela can do more to fulfill its obligations under the Rome Statute,” said the prosecutor, sitting next to Maduro in the presidential palace, in Caracas.

The signed memorandum seeks the “technical assistance and advice” that the ICC will provide to the country. However, he did not offer specific information about the content of the memo.

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