Venezuela's interim government plans $240 billion debt restructuring, largest in history
By
Sergio Garcia
Summary
Venezuela's interim government under Delcy Rodríguez plans to acknowledge a massive $240 billion debt — far exceeding market estimates of $150-200 billion — following the capture of Nicolás Maduro. This would set the stage for the largest debt restructuring in history, surpassing Greece's 2012 default, as the country seeks to return to global financial markets and strike a deal with creditors.
Source
bskyVenezuela's interim government plans $240 billion debt restructuring, largest in historyl.euronews.comKey quotes
· 4 pulledThe figure blows all forecasts out of the water.
Venezuela is set to acknowledge a debt of close to 240 billion dollars, far above the 150 to 200 billion the market had been assuming until now.
The move comes in the wake of the country's political upheaval.
After Nicolás Maduro was captured last January, interim president Delcy Rodríguez took the reins and has set herself a clear goal: to strike a deal with creditors
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