Published at: 20/10/2026 01:06 PM

Venezuela and the Development Bank of Latin America and the Caribbean (CAF) agreed to move forward in the reactivation of two strategic projects focused on artificial intelligence, digital rights and the development of disaster resilience initiatives.

This was reported by the Minister of Science and Technology, Yván Gil, after holding an institutional meeting with the representative of CAF in the country, Xavier Prieto.

During the meeting, Minister Gil explained that both parties agreed to identify the projects that will be eligible for these resources, also setting the Venezuelan Institute for Scientific Research (IVIC) as the institutional focal point responsible for the continuous monitoring of cooperation. The day served to explore a wide range of new opportunities for multilateral cooperation in the areas of science, technology and national innovation.

Within the framework of the talks, the Venezuelan representation set out the goals of the National Plan for Science, Technology and Culture of Innovation 2025-2050. The fundamental purpose of this road map is to strengthen research in the country, recover qualified professional talent and comprehensively train new generations of scientists and innovators.

For his part, the representative of CAF expressed the agency's full willingness to reactivate non-reimbursable technical cooperation schemes and provide direct collaboration in the area of digital transformation, modernization of data centers and optimization of payment systems for public banks.

In addition, the multilateral institution offered specialized assistance to technically evaluate the proposal to build a large scale data center in the nation.

Finally, Minister Yván Gil expressed formal recognition to CAF for its openness to working together and its support for the country's comprehensive development. The holder of the scientific portfolio expressed thanks on behalf of the president, Delcy Rodríguez, as well as the entire Venezuelan scientific community for their willingness to strengthen international cooperation.

Mazo News Team