economy
May 6, 2026
Government plans to use Venezuela's IMF funds to complete housing projects
Acting President Delcy Rodríguez announced the use of IMF resources to finalize housing projects. Reforms to real estate laws are planned to reactivate the property market and address 'frozen' homes.
TL;DR
- The Venezuelan government plans to use funds from the International Monetary Fund (IMF) to complete unfinished housing projects.
- Resources from Special Drawing Rights (SDRs) in the IMF, estimated at $5 billion, will be used for this purpose.
- Acting President Delcy Rodríguez instructed the Minister of Habitat and Housing to inspect pending works to allocate financing.
- The government aims to reform real estate laws to incorporate about 500,000 'frozen' homes into the market, primarily for rent.
- A call was made to Caracas authorities to coordinate with condominium boards to address structural problems in residential buildings.