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Market Chatter: World Bank Delegation to Visit Venezuela After Relations Resume

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A World Bank delegation will travel to Caracas to meet Venezuelan government officials for the first time since the institution resumed formal relations with the country last month, Bloomberg News reported on Thursday, citing people familiar with the matter.

According to the report, the delegation will be led by Susana Cordeiro Guerra, the World Bank's vice president for Latin America and the Caribbean. A spokesperson for the lender confirmed to Bloomberg that representatives would visit Caracas.

The visit follows the World Bank's decision in April to resume dealings with Venezuela under acting president Delcy Rodriguez. Bloomberg noted that the last loan the World Bank extended to Venezuela was in 2005.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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