The Inter-American Development Bank (IDB) is promoting alliances for economic recovery in Venezuela. This initiative took shape during a meeting between IDB President Ilan Goldfajn, Venezuela’s Sectoral Vice President for the Economy and President of the Bank of Venezuela (BDV) Calixto Ortega Sánchez, and various international partners, with the goal of identifying opportunities for collaboration.
«Today, in Bangkok, we brought together the Government of Venezuela and international partners to exchange perspectives on the country’s economic recovery and development priorities, and to identify opportunities for collaboration and partnerships,» Goldfajn stated via his social media channels.
The man in charge of the institution reaffirmed its commitment to the country.
«At the IDB Group, we are committed to working with our partners to improve the lives of all Venezuelans,» he said.
Ortega also participated in the annual meetings of the International Monetary Fund (IMF) currently taking place in the capital of Thailand.
During his participation in the IMF meetings, Ortega presented the results and outlook for Venezuela’s economic plan. He highlighted an unbroken 22-quarter cycle of recovery and productive growth, as well as the resumption of the Venezuelan delegation’s engagement with multilateral organizations and the international financial system.
The official explained that the economic program is built on four pillars: equitable growth through the promotion of hydrocarbon production and mining activity to generate foreign currency; the allocation of fiscal revenue toward the recovery of essential public services; the reduction of double-digit inflation and debt restructuring to reintegrate the country into the international system; and the simplification of administrative procedures to stimulate economic activity.
Ortega highlighted that the current growth is characterized by greater productive diversification, with food production being predominantly locally sourced, and reiterated that the program’s central objective is to strengthen the bolívar as the national currency, supported by fiscal soundness, productive growth, and an increase in international reserves.