Key facts
- The IDB board approved the Venezuela note unanimously, the bank said.
- The note is a roadmap for renewed operations, not a loan, according to the report.
- Venezuela's arrears with the IDB remain above $2 billion, the report said.
The Inter-American Development Bank's board unanimously approved a country engagement note for Venezuela on November 13, 2026, according to a Reuters report. The bank described the note as its first formal roadmap for renewed operations in the country since it halted new lending in May 2018.
The note does not itself extend credit. It is not a loan, and it does not clear Venezuela's arrears of more than $2 billion with the IDB, the report said. The bank did not state in the report what operational steps would follow the approval.