The US Treasury is considering a short-term bridge loan to help Venezuela repay about $2.3bn owed to the Inter-American Development Bank (IDB) to restore the country's financing eligibility. The IDB on Friday approved re-engagement; after repayment Venezuela could access up to $6bn from the IDB over the next two years, and the World Bank could provide up to $5bn. The US plans to channel funds to the IDB via overnight financing arrangements rather than direct transfers to Venezuela. The proposal

The US Treasury is considering a short-term bridge loan to help Venezuela repay about $2.3bn owed to the Inter-American Development Bank (IDB) to restore the country's financing eligibility. The IDB on Friday approved re-engagement; after repayment Venezuela could access up to $6bn from the IDB over the next two years, and the World Bank could provide up to $5bn. The US plans to channel funds to the IDB via overnight financing arrangements rather than direct transfers to Venezuela. The proposal may draw congressional scrutiny—Senator Elizabeth Warren has previously opposed using the Exchange Stabilization Fund to guarantee investments in Venezuelan financial institutions.