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Friday, November 6, 2026

Economy Politics

Venezuela to Get an IMF Office in Caracas in 2027, Fund Chief Says

By · September 22, 2026 · 8 min read
Delcy Rodríguez, in a pink jacket and glasses, speaking into a desk microphone at a press conference
Delcy Rodríguez, Venezuela’s acting president, speaking at a government press conference, in a file photograph (Photo: Rio Times media library)

Venezuela · Politics

Key Facts

  • The country — Venezuela has about 28 million people and the world’s largest proven oil reserves. Years of economic crisis and sanctions have left it cut off from most international lenders and financial markets.
  • The background — The IMF lends to governments in financial trouble and monitors their economies. It stopped dealing with Venezuela in 2019 and resumed on 16 April 2026; its officials visited Caracas in late July, the first such trip in more than two decades.
  • What changed — Venezuela has begun sharing more economic data with the fund, Bloomberg reported. It wants to restructure debts that most analysts put at US$150 billion to US$200 billion, according to Reuters.
  • What happened — Kristalina Georgieva, the fund’s managing director, said on Monday 21 September 2026 that an office will open in Caracas, possibly in the first half of 2027. She spoke after meeting Venezuela’s acting president in New York.
  • Who is involved — Delcy Rodríguez, the acting president, also saw the heads of the World Bank, the Inter-American Development Bank and the United Nations. Brazil’s president, Lula, said Washington acts as if it governs Venezuela, and urged her to call elections.
  • What it means for you — An office in Caracas means published data and a working channel to the outside financial system. That is the step that has to come before any debt restructuring or new lending, so bondholders will watch it closely.
  • Still open — Rodríguez is due to meet Donald Trump on Tuesday and to address the UN General Assembly on Wednesday. A poll promoted by state media shows 91 per cent back dialogue with the US; another finds 91 per cent oppose the Trump meeting.

This story is part of our coverage of the Venezuela US tensions. Who runs Venezuela, the US sanctions and oil deals, the Maduro case and the odds are in our dossier.

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The International Monetary Fund will open an office in Caracas next year, its chief said after meeting Venezuela’s acting president. Delcy Rodríguez is due to meet Donald Trump on Tuesday.

A Venezuela IMF office will open in Caracas next year, possibly in the first half of 2027, Kristalina Georgieva said on Monday. The fund’s chief spoke after meeting Delcy Rodríguez, Venezuela’s acting president, in New York on 21 September 2026.

The International Monetary Fund lends to governments in financial trouble and monitors their economies. Rodríguez is due to meet Donald Trump on Tuesday 22 September, on the sidelines of the UN General Assembly.

What Georgieva promised

Georgieva told Bloomberg News the plan for a Venezuela IMF office would become a reality. It could open sometime in the first half of next year, she said.

Bloomberg had earlier reported that Venezuela had begun sharing more economic data with the fund.

Georgieva said the fund was now making sure it caught up quickly on Venezuela’s data and on key monetary and fiscal policies.

The IMF resumed dealings with Venezuela on 16 April 2026, after a break that began in 2019. IMF officials visited Caracas in late July, the first such trip in more than two decades, Bloomberg reported.

Georgieva wrote on social media that Monday’s talks focused on recovery and reconstruction after this year’s earthquakes, Reuters reported.

A day of meetings with lenders

Rodríguez arrived in New York early on Monday, on her first trip to the United States since taking office in January. John Barrett, the top US diplomat in Venezuela, met her at the airport, state television said.

She first met Ilan Goldfajn, president of the Inter-American Development Bank (IDB), the main regional development lender. She then saw Georgieva and Ajay Banga, president of the World Bank, in separate meetings.

The talks took place at Venezuela’s mission to the United Nations, the Argentine news site Infobae reported. Calixto Ortega, her vice president for the economy, joined her with hydrocarbons minister Paula Henao and foreign minister Félix Plasencia.

Goldfajn told Reuters the IDB is drawing up a two-year plan for Venezuela, focused partly on electricity and social protection. Venezuela owes the bank about US$2.5 billion, according to Infobae.

Debt is the larger theme. “Her visit will have a big focus on debt restructuring, funds and payments,” one source told Reuters.

Venezuela said in May it would restructure the debts of the state and of the state oil company, PDVSA. Most analysts put those debts at US$150 billion to US$200 billion, Reuters reported.

António Guterres at United Nations headquarters in New York
António Guterres at UN headquarters in New York on 13 October 2016, shortly after his election as secretary-general, in a file photograph (Photo by Drew Angerer/Getty Images)

Guterres and the path to democracy

Later on Monday, Rodríguez met UN Secretary-General António Guterres at UN headquarters. A UN statement said they discussed economic reforms, debt restructuring, dialogue initiatives and cooperation with Caracas.

That cooperation covers human rights, “as well as the path toward a full democracy,” the statement said, as quoted by Reuters.

Rodríguez told the state broadcaster VTV that Venezuela came seeking “peace, stability, human development, and global balance of all kinds,” AFP reported. She is due to address the General Assembly on Wednesday 23 September 2026.

Why the Trump meeting matters

Rodríguez was vice president to Nicolás Maduro, whom US forces seized in Caracas in January. Maduro is awaiting trial on drug-trafficking and other charges in a federal prison in New York.

Since then she has cooperated with Washington, including on access to Venezuela’s oil reserves, the largest in the world. Mike Waltz, the US ambassador to the UN, said the meeting would take place at a reception Trump hosts.

It would be the first meeting of the two countries’ leaders since Maduro briefly met Barack Obama in 2015, Infobae noted.

Lula’s warning

Brazil’s president, Luiz Inácio Lula da Silva, criticised the relationship in an interview with CNN International in New York on Monday. The Spanish news agency EFE summarised his view: Washington conveys the idea that it now governs Venezuela.

“The country’s sovereignty is over,” Lula said, in EFE’s account. He added that this was not good for the United States, for Venezuela or for democracy.

He said Rodríguez should call a national election. “The way the United States treats Delcy, it looks like it is her boss,” he said, according to EFE.

Lula is seeking re-election in Brazil’s vote on 4 October 2026. He asked Washington not to interfere in that contest, EFE reported.

Two polls, two stories

Venezuelan state-aligned outlets on Monday and Tuesday recirculated a Hinterlaces poll showing 91% support for dialogue with Washington. Hinterlaces is a Caracas pollster whose results are regularly promoted by state media.

The survey was first published on 7 September. It found 91% rated the dialogue with the United States positively, 6% negatively and 3% gave no answer.

Hinterlaces interviewed 700 people, with a stated margin of error of 3.5 percentage points, the state-aligned site La Iguana reported.

Another pollster, Meganálisis, whose published commentary sharply questions Rodríguez’s legitimacy, found 91% disapproved of Trump meeting her. Only 4% approved, the Miami newspaper El Nuevo Herald reported.

Its online survey of 1,627 adults ran from 15 to 19 September. It also found 80% opposed the oil agreement that Washington and Caracas signed on 28 August.

The two firms asked different questions, by different methods, about two weeks apart.

What comes next

Rodríguez meets Trump on Tuesday and speaks at the General Assembly on Wednesday. Sources told Reuters the visit is expected to produce agreements on energy, debt and mining.

For the fund, the next marker is the Caracas office, which Georgieva said could open in the first half of 2027.

Who is Delcy Rodríguez?

Delcy Rodríguez is Venezuela’s acting president. She was vice president under Nicolás Maduro and took over after US forces seized him in Caracas in January 2026. Maduro is awaiting trial in New York. Washington has since worked with her government on oil, sanctions and debt.

Why is the IMF opening an office in Caracas?

The IMF resumed dealings with Venezuela on 16 April 2026 after a break that began in 2019. Georgieva told Bloomberg News the Venezuela IMF office will open next year, possibly in the first half of 2027. She said the fund was catching up quickly on the country’s data and its monetary and fiscal policies.

What did Lula say about Venezuela?

In an interview with CNN International on 21 September 2026, Brazil’s president said the country’s sovereignty was over, according to EFE. The agency summarised his view as saying Washington conveys the idea that it governs Venezuela. He urged Rodríguez to call a national election.

Do Venezuelans back the rapprochement with Washington?

Polls disagree because they measure different things. Hinterlaces, whose results state media promote, found in early September that 91% viewed the dialogue positively. Meganálisis, critical of Rodríguez, found in mid-September that 91% disapproved of her meeting Trump.

Sources: Reuters on the New York meetings, debt talks and the UN statement, El Espectador on Georgieva’s remarks to Bloomberg News, Bloomberg on the IMF office, Infobae on the lenders and Guterres, AFP on the arrival and the General Assembly speech, EFE on Lula’s CNN interview, La Iguana on the Hinterlaces survey, Correo del Orinoco on the 7 September release, El Nuevo Herald on the Meganálisis poll, IMF on resuming dealings with Venezuela

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