Venezuela

IDB to send support mission to Venezuela

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Team will evaluate needs and prepare emergency loan
The Inter-American Development Bank today announced that it will send a mission to The Bolivarian Republic of Venezuela explore ways to support the country's efforts at relief and recovery from the devastating floods that have caused enormous human and physical losses.

The 10-person IDB team is expected to arrive in Caracas next Sunday and will immediately begin to consult with authorities in evaluating the damage and preparing an emergency new loan and determining its amount.

The mission will examine ways the Bank can contribute to rehabilitation and reconstruction, giving particular attention to physical infrastructure and the environmental and social dimensions of the disaster, including relocation of persons directly affected by the flooding.

The Bank has already donated $50,000 to the country a to help meet emergency expenses. The IDB has also announced it will redirect $200 million in resources from existing loans to address immediate social and infrastructure needs, with special emphasis on health, education, rural roads and infrastructure.