July 27, 2024

Venezuela announces deal with individual creditors

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The Ministry of Economy, Finance and Foreign Trade said the deal is proof of “the permanent will of the issuers to comply with their obligations, regardless of the effects that external factors may have caused on the payment capacity of the issuers.” It said the agreement was based on a proposal by the government in September that consisted of interrupting accruing interests in exchange for negotiating a restructure of the defaulted debt. By Jorge Jraissati. Full Text -> AnadoluAgency

Translation/ Traducción