The Central Bank of Venezuela announced that it and the Bank of Spain have agreed to restore technical and strategic relations after an eight-year interruption. The two central banks set a new bilateral roadmap focused on technical cooperation, including data exchange and work intended to help the Venezuelan banking system access correspondent banking networks under international standards. The agreement was reached at a meeting in Tarragona during the first LatAm Economic Forum organised by the Bank of Spain. As the first step under the roadmap, the institutions held their first remote technical session on 13 May, with the Central Bank of Venezuela's Economic Statistics team participating. The release also noted that the Venezuelan central bank's delegation met European Central Bank President Christine Lagarde in a separate engagement.
Central Bank of Venezuela 2026-05-13
Central Bank of Venezuela and Bank of Spain restore technical and strategic ties after eight years
The Central Bank of Venezuela and the Bank of Spain have agreed to restore technical and strategic relations after an eight-year interruption, setting a new bilateral roadmap focused on technical cooperation, data exchange and support for Venezuelan banks’ access to correspondent banking networks. The agreement was reached at a meeting in Tarragona during the first LatAm Economic Forum organised by the Bank of Spain, and the first remote technical session under the roadmap was held on 13 May with the Central Bank of Venezuela’s Economic Statistics team.