This policy paper outlines a proposal for Venezuela to access external financing to deal with the significant balance-of-payments difficulties caused by a combination of external and internal shocks suffered in recent years. Concretely, we develop a proposal that would allow the country to access some of its funds abroad currently blocked because of legal disputes and obtain financing under the Rapid Financing Instrument (RFI) of the International Monetary Fund, a financing modality designed to provide urgent financial assistance to countries in emergency situations.