MercoPress
Americas · 2 hrs ago
✦ 75◉ Centre
Venezuela announces formal restructuring of its external debt after nearly a decade in default
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Credibility 75/100
Partisan intensity 25/100
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◉ Centre ✓ Fair headline
Venezuela's government announces a formal restructuring programme for its external debt and that of state oil company PDVSA, marking a significant step toward financial recovery after nearly a decade of default.
Venezuela announces formal restructuring of its external debt after nearly a decade in default
The Venezuelan government on Wednesday announced the formal launch of an "integral and orderly" restructuring of the country's public external debt and that of the state oil company PDVSA, in the most concrete step by acting President Delcy Rodríguez's administration toward financial normalization after nearly a decade in default. The communiqué, issued by the Sectoral Vice Presidency for the Economy, sets as its central objective "to put the economy at the service of the Venezuelan people and f
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