Key facts
- The IMF plans to open an office in Caracas, possibly in the first half of 2027.
- Venezuela has not requested an IMF program or any other funding.
- IMF chief Kristalina Georgieva met with Venezuela's acting president, Delcy Rodríguez, on September 21, 2026.
- The IMF resumed dealings with Venezuela on April 16, 2026, after a break since 2019.
- Venezuela has begun sharing more economic data with the IMF.
- The IMF will continue discussions with Argentina regarding its extended fund facility program.
The International Monetary Fund plans to establish an office in Venezuela, signaling a potential step toward greater financial engagement, though the Venezuelan government has not requested any funding programs or formal IMF programs at this stage. IMF chief Kristalina Georgieva met with Venezuela's acting president, Delcy Rodríguez, on September 21, 2026. Following the meeting, spokesperson Julie Kozack confirmed the IMF's intention to set up an office in the country. This development follows the resumption of dealings between the IMF and Venezuela on April 16, 2026, after a period of no engagement since 2019. Venezuela has reportedly begun sharing more economic data with the IMF, a step seen as crucial for potential debt restructuring discussions. Analysts estimate Venezuela's debts to be between $150 billion and $200 billion. The establishment of an office in Caracas is viewed as a necessary precursor to any potential debt restructuring or new lending.
Separately, the IMF will continue discussions with Argentina in the coming weeks regarding the third review of its extended fund facility program. An IMF technical mission visited Buenos Aires from September 21-29 as part of these talks. Kozack underscored that Argentina has made significant progress in restoring macroeconomic stability, noting a decline in inflation, a strengthening external position with accumulated reserves, and fiscal discipline. IMF Managing Director Kristalina Georgieva expressed confidence in President Javier Milei's economic reforms in July, and both parties recognize the need to continue strengthening Argentina's resilience.