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The Ministry of Finance Confirms That the Amount Referent to What Venezuela Owes Brazil Reached US$ 1.856 Billion in 2025, Adding Default Interest and Compensations for Infrastructure Works Covered by the Export Credit Guarantee Fund, Without a Payment Forecast.
The accumulated amount referent to what Venezuela owes Brazil reached US$ 1.856 billion at the end of 2025. The amount involves compensations paid by the Union and default interest on infrastructure financing that has been overdue since 2018.
Detailed Composition of Owed Amounts
According to the Ministry of Finance, the figure amounts to approximately R$ 10.1 billion. The data provided to CNN shows that the outstanding balance corresponds to payments made by the Brazilian government to cover the default and accumulated charges.
Origin and Guarantee of Financing
The debt arises from support for works in the early 2000s, such as the expansion of the Caracas Metro and the National Steel Plant. Shipyards and a bridge over the Orinoco River are also included.
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The funds were covered by the Export Credit Insurance, backed by the FGE. BNDES confirmed that the unpaid installments were compensated by the insurance, transferring the collection directly to the Union.
Diplomatic and Administrative Efforts
There is no forecast for receipt, but the amounts are contractually updated and do not prescribe. The Brazilian government is maintaining efforts for regularization through applicable administrative measures and diplomatic channels.
Among the actions to recover the credit, technical meetings were held on August 27 and September 1, 2023. The periodic sending of collection letters is also part of the recovery strategy.
Venezuelan Economic and Political Context
The default occurs amidst a dramatic scenario. In addition to Nicolás Maduro’s capture by the United States, the per capita GDP of the neighboring country plummeted from US$ 12,607 in 2012 to US$ 1,506 in 2020.
This decline represents a reduction of almost 90% in average wealth in less than a decade. The economic crisis persists while the debt continues to accumulate default interest without a defined date for settlement.
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