Minister Cabello: Returning to the World Bank is not to make the country indebted but to rescue resources

Published at: 27/04/2026 07:04 PM

The Sectorial Vice President for Policy, Citizen Security and Peace, Diosdado Cabello Rondón, said that the release of the accounts of the Central Bank of Venezuela (BCV) and the Venezuelan public bank, which can now access international financing and operations, is a good sign.

“Not only banking but also insurance,” he said, adding that with that restriction, an ordinary businessman, not the State, who worked for example with the Bank of Venezuela, was not allowed to carry out operations.

In context, Cabello also mentioned the restart of Venezuela's relations with the World Bank and the International Monetary Fund (IMF). “Some Chavista people didn't like it, because they immediately make it easy to think that we want to go into debt,” he said.

“No, the World Bank has us (Venezuela), five billion dollars. Do we leave them? or Are we looking for a way to charge them? and we couldn't collect that money because we weren't affiliated, we don't have an account with the World Bank,” he said.

Cabello stressed that these resources are for investing in public services, as well as for increasing workers' salaries, “a responsible wage increase in a situation such as the one in Venezuela, is that we don't have to print inorganic money and it is done with guaranteed, real resources.”

This was stated in the state of Mérida, at the headquarters of the Foundations for the Development of Science and Technology (FUNDACITE) in the entity, where the Meeting for a Venezuela in Peace and Free of Sanctions is being held.