Venezuela Announces $17 Billion in Multilateral Financing to Boost Production

The Venezuelan Acting President recalled that in the field of hydrocarbons, 80 international agreements have already been signed and 44 negotiations are underway, compared to 61 existing agreements at an earlier stage. Photo: Venezuelan Presidential Press.

Venezuela’s Acting President, Delcy Rodriguez, announced on Tuesday negotiations to secure 17 billion dollars in multilateral financing over five years, channeled into the productive sector rather than consumption.

Venezuelan Acting President Delcy Rodriguez addressed business leaders at the Conindustria Congress, which is meeting in Caracas to review the manufacturing sector’s roadmap amid the current investment climate.

She affirmed that the country is in talks to receive 17 billion dollars from multilateral institutions over a five-year period.

Rodriguez stressed that the funding would target production, not consumption, a distinction central to her government’s broader push to diversify an economy long dependent on oil revenue. Venezuela currently produces 98% of the food it needs, she said.

#EnVideo 📹| Presidenta de la República Bolivariana de Venezuela, Delcy Rodríguez, detalló que el programa económico proyecta una inversión de USD 75 mil 600 millones en hidrocarburos para el período comprendido entre 2026 y 2031.

Asimismo, indicó que este crecimiento en la… pic.twitter.com/7SvBwFpfeX

— VTV CANAL 8 (@VTVcanal8) November 3, 2026

Text reads: “The Acting President of the Bolivarian Republic of Venezuela, Delcy Rodriguez, detailed that the economic program projects an investment of 75.6 billion dollars in hydrocarbons for the period between 2026 and 2031. Shee also indicated that this growth in national oil production will boost the revival of other sectors such as agribusiness, trade and metallurgy.”

Oil Output Climbs

The energy figures anchored Acting President’s presentation. Oil production grew 8.5% over twelve months and closed the day at 1,251,000 barrels, according to Rodriguez, who noted that this occurred while international agreements had not yet been fully activated.

In the hydrocarbons sector, Venezuela has signed 80 international agreements, with 44 additional negotiations advancing. That compares with 61 agreements in an earlier stage. The economic program projects an investment of 75.6 billion dollars in hydrocarbons for the 2026 to 2031 period.

Rodriguez said the rise in oil production would help reactivate other sectors, including agroindustry, commerce and metallurgy. She framed the recovery as part of a plan stretching to 2040, one designed to turn Venezuela into “a power” built on more than energy exports alone.

“We know where we are going and we have a very clear economic program that we will travel from here to 2040 to make Venezuela, with its capacities and its potentialities, a power,” she said.

The consumption data painted a picture of gradual recovery. Purchasing capacity rose 23% over the past twelve months, supported by higher production volumes and better use of existing facilities. But Rodriguez cautioned that installed industrial capacity sits at 52% and must reach 100% for companies to compete as new investment flows in.

October’s monthly inflation closed at its lowest level in 24 months, a result she attributed to the effort of the people and the productive sectors.

On trade, imports of raw materials rose 31%, while imports of processed foods fell 38.8%, a shift she presented as an import-substitution policy. The contrast reflects a deliberate strategy to replace foreign finished goods with domestic production.

“There is no country that develops as a nation if it is not hand in hand with its industry and hand in hand with its workers,” Rodríguez affirmed.

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Earlier in the day, she received a delegation of 37 Portuguese companies and invited them to join the economic recovery and post-earthquake reconstruction. She told the Portuguese business representatives that Venezuela, beyond oil, offers a wide range of exportable products.

The Acting President said the country aims to become “not only an energy power, but an economic power, diversifying all its capacities.” The Conindustria gathering provided the stage for that message, addressed to the domestic manufacturers whose output the government is counting on to sustain the recovery it describes.

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