 The Interim Country Assistance Strategy (CAS) for Venezuela is the detailed report on the World Bank's priority areas to assist countries with their own development programs. It describes all of the World Bank's planned operations in Venezuela: lending, studies and other technical assistance.
See below for the main points on the World Bank Interim Country Assistance Strategy for Venezuela. The full documents are available on the top right side of this page, and the print version of the CAS is also available at the Public Information Center.
More general information about Country Assistance Strategies.
WASHINGTON, December 23, 2002 - The World Bank's Executive Board has discussed an interim assistance strategy that seeks to support poverty reduction in Venezuela.
The Interim Country Assistance Strategy (CAS) indicates the Bank's willingness to support the country's general objectives of accelerating growth, reducing poverty and achieving greater equality. It also indicates the priority the Bank attaches to four areas of reform, namely macroeconomic stability, sustainable economic diversification and competitiveness, environmentally and socially sustainable development, and good governance.
The interim CAS, while recognizing the risks in Venezuela, notes that they are considered worth taking, given the potential rewards from supporting poverty reduction and policy reform. In implementing its strategy, the World Bank Group will seek to further strengthen the policy dialogue with Venezuelan authorities, while maintaining its collaboration with the International Monetary Fund, the Inter-American Development Bank and the Corporación Andina de Fomento.
The Bank's current portfolio in Venezuela includes nine projects involving commitments of $396 million, with $169.1 million undisbursed.
(Full text of CAS documents in PDF format to the top right side of this page)
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