Venezuelan

Caracas, April 17, 2026 (venezuelanalysis.com) – Venezuela has reestablished ties with the International Monetary Fund (IMF) after a seven-year hiatus.

Acting President Delcy Rodríguez confirmed the news on Thursday night, calling it a “great achievement of Venezuelan diplomacy” and a “very important step” for the Venezuelan economy.

“This is the result of months-long negotiations that the Venezuelan far-right unsuccessfully tried to sabotage,” she stated in a televised broadcast. “Good has triumphed.”

The IMF announced the “resumption of dealings” with Venezuela in a statement on Thursday, stating that the decision was “guided by the views of IMF members representing a majority of the total voting power.”

Managing Director Kristalina Georgieva stated earlier this week that the IMF had been approached by Venezuelan authorities at a technical level and that the Caribbean nation “desperately needs help.”

The World Bank likewise issued a statement disclosing the resumption of dealings with the acting Rodríguez government. Venezuela’s last loan with the institution concluded in 2005.

Venezuela had its relationship with the IMF suspended in 2019 after the first Trump administration and allies recognized the self-proclaimed “interim government” led by Juan Guaidó as the Caribbean nation’s legitimate authority.

In March, the White House recognized Rodríguez as Venezuela’s “sole leader” and later withdrew sanctions against her, while US officials spoke of efforts to reincorporate Caracas into the IMF fold.

Though relations were officially frozen in 2019, Venezuela had sought to distance itself from the Washington-based institution more than a decade prior. In 2007, former President Hugo Chávez formally withdrew Venezuela from the IMF and the World Bank, calling them “weapons of US imperialism.”

Chávez repeatedly denounced the US-controlled multilateral institutions’ role in promoting debt and underdevelopment in Global South countries and pushed for the creation of lending institutions as part of Latin American integration efforts. Under Chávez’s predecessors, Venezuela implemented draconian IMF-conditioned structural adjustment policies that saw over half of Venezuelans living in poverty by 1998.

Last year, President Nicolás Maduro stated that Venezuela had “broken the shackles” of the World Bank and the IMF and was instead building its own “self-sustainable model and relations with a new world.”

Venezuela’s priority will be accessing US $5.1 billion in Special Drawing Rights (SDR) that it is entitled to as an IMF member. In 2021, the lending institution issued $650 billion amid the Covid-19 pandemic as an effort to help countries boost reserves and address fiscal needs. 

However, Venezuela was blocked from accessing the funds as the IMF refused to rule on the country’s legitimate authorities.

Caracas’ reengagement with the IMF and the World Bank also comes amid growing speculation about the fate of Venezuela’s sizable foreign debt. The Caribbean nation owes as much as $170 billion from a combination of defaulted bonds, unpaid loans, and international arbitration awards that have accrued interest for years as US sanctions battered Venezuela’s economy and cut it off from credit markets.  

Venezuelan bonds have been rallying in recent weeks following Washington’s rapprochement with Caracas as creditors bet on a debt restructuring deal that can bring significant windfalls.

Since the January 3 US military strikes and kidnapping of President Nicolás Maduro, the Rodríguez administration has fast-tracked a number of pro-business reforms, including in the hydrocarbons and mining sectors. Upon enacting the Mining Law on Thursday, the acting president thanked Trump, Rubio, and other administration officials for their “good disposition” in establishing “cooperation.”

Rodríguez recently announced further plans to overhaul the South American country’s labor, pension, and tax legislation, while also identifying state assets that are “not strategic.” The Cisneros Group, one of Venezuela’s largest business conglomerates, recently announced the raising of funds ahead of expectations of a “wave of privatizations.”

Since January, the Trump administration has imposed control over Venezuelan oil revenues, mandating that royalties, taxes, and dividends be deposited in US Treasury accounts. In a congressional hearing on Thursday, Assistant State Secretary Michael Kozak stated that “around $3 billion” have moved through the dedicated accounts. 

He did not specify what portion of the revenues has been returned to Caracas, only that the funds had been used to pay public sector incomes and import oil industry inputs, while blocking any transactions with China, Cuba, and Iran.

Earlier this week, the Treasury’s Office of Foreign Assets Control (OFAC) issued new restricted licenses allowing transactions with the Venezuelan Central Bank and public banks that are expected to facilitate the partial return of seized Venezuelan export revenues.

On Thursday, Venezuelan authorities additionally announced a change in the Central Bank leadership, with Luis Pérez replacing Laura Guerra as president of the institution. Guerra had been appointed to the post in April 2025 by Maduro.

Pérez is an economist who had served on the BCV board of directors since 2018. In his social media profile, he describes himself as a cryptocurrency enthusiast.

Edited by Lucas Koerner in Fusagasugá, Colombia.

Mérida, April 14, 2026 (venezuelanalysis.com) – The Venezuelan National Assembly (AN) appointed Larry Devoe as the new Attorney General and Eglée González Lobato as the Ombudswoman during an ordinary session on Thursday, April 9.

The appointments were the result of a parliamentary selection process in the wake of the resignations of Tarek William Saab and Alfredo Ruiz, who previously held the positions, in February. The new officials will assume their roles immediately.

The National Assembly finalized the appointments following the review of a list of 71 candidates for Attorney General and 61 for Ombudsman. According to official reports, the selection focused on technical and academic backgrounds, while multiple deputies spoke of the need to select “consensus” candidates.

Devoe is a lawyer who has held various legal and diplomatic positions within the Venezuelan government, having served as the Executive Secretary of the National Human Rights Council. In recent years, he represented Venezuela before the United Nations (UN) and the Organization of American States (OAS) on human rights matters.

Devoe had taken over the Attorney General post on an interim basis following Saab’s resignation. Saab had served as the country’s top prosecutor since 2017. Following his appointment and swearing-in, Devoe used his official channels to vow that his office would be committed to “defending human rights” and “protecting our people.”

For her part, new Ombudswoman González is also an attorney and a university professor specializing in Administrative Law at the Central University of Venezuela (UCV).

She served as the Director of the UCV’s Democracy and Elections Chair and has worked as an institutional and electoral analyst. The parliamentary nominations committee highlighted González’s academic background and experience in human rights as primary factors for her selection to replace Ruiz.

Devoe and González were ratified on the posts with the approval of 275 of 285 National Assembly deputies, receiving the endorsement of the ruling Socialist Party (PSUV) and allies, as well as part of the opposition.

González, who has been identified as representing a sector of the moderate opposition, was proposed by David Uzcátegui from the Fuerza Vecinal party. Devoe’s candidacy was put forward by the PSUV.

Addressing the chamber, National Assembly President Jorge Rodríguez emphasized the importance of reaching political agreements and “respecting differences.”

The right-wing Libertad faction opposed the appointments, with legislator Henri Falcón stating that the appointees did not meet “autonomy and democratic plurality” criteria.

“In the past, the institutions have been used as politically partial spaces and ideological trenches,” stressed Falcón, a former presidential candidate.

The renewal of the Attorney General and Ombudsman’s Office coincides with the processing of thousands of amnesty requests currently under review by judicial authorities. According to the National Assembly, the Amnesty Law approved in February has benefited more than 8,000 beneficiaries in less than two months.

“The economy is the most important thing”

Parliamentary leader Jorge Rodríguez stressed the importance of “dialogue” among different political factions and working to “strengthen” state institutions in a recent interview with Spanish daily El País.

“We are rapidly pushing for changes so that people feel the country’s democratic institutions are functioning properly,” he stated.

When asked about the possibility of holding elections, Rodríguez argued that the country’s economy is “the most important thing right now.”

Since January, the Venezuelan legislature has fast-tracked a number of important new laws with support from the acting Delcy Rodríguez administration, including pro-business reforms to the country’s hydrocarbon and mining frameworks.

“The Venezuelan economy needs to gain enough momentum so that the population feels this entire process was worth it,” he added, in reference to the January 3 US bombings and kidnapping of President Nicolás Maduro which Rodríguez described as a “traumatic event.”

The Venezuelan official went on to argue that “there is much work to be done” ahead of an eventual electoral process, including the selection of an electoral authority that all political organizations can “trust.”

Edited by Ricardo Vaz in Caracas.