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Venezuelan President Maduro intends to resume negotiations on debt restructuring

2019-10-01T04:23:15.518Z


[Caracas 30th Reuters]-Venezuelan President Maduro announced on the 30th that he would like to resume negotiations with foreign creditors for the repayment of about $ 6 billion of foreign debt. However, there are no signs that investors are working properly. Bene


[Caracas 30th Reuters]-Venezuelan President Maduro announced on the 30th that he would like to resume negotiations with foreign creditors for the repayment of about $ 6 billion of foreign debt. However, there are no signs that investors are working properly.

Venezuela expressed its intention to restructure its debts in 2017, but it has stalled because the US imposed financial sanctions in addition to the country's political and economic crises.

At the press conference, the president instructed Vice President Rodriguez and El Isami to resume negotiations. Both Vice Presidents are on the US sanctions list.

One US creditor told Reuters that President Maduro cannot be renegotiated because of US sanctions and Venezuela's inability to issue new bonds.

The camp of Congress President Guayed, approved by US President Trump as a provisional president, is also trying to resume negotiations on debt restructuring.

Source: asahi

All news articles on 2019-10-01

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