Acting government submits 2027 budget and borrowing bills to Parliament

Delcy Rodríguez’s administration also submitted the National Annual Operating Plan. The parliamentary committees on Economy, Finance, and Oversight will review the proposals. The Daily Journal.- Venezuela’s acting government submitted the national budget, borrowing, and operating plan proposals for fiscal year 2027 to the National Assembly on Wednesday. Sectoral Vice President for Planning Ricardo Menéndez presented […]

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Venezuela presents IMF with economic roadmap centered on oil and mining

The Daily Journal.- Venezuela’s Vice President for Economic Affairs, Calixto Ortega, presented the country’s economic roadmap on Wednesday during a discussion in Bangkok on the sidelines of the International Monetary Fund (IMF) and World Bank annual meetings. The plan focuses on the oil and mining extractive industries. Ortega, a former president of the Central Bank […]

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Financial Times: Venezuela prepares record $240 billion debt restructuring

The Daily Journal — Venezuela is preparing to disclose public debt approaching $240 billion, a figure far higher than previous market estimates and one that would make the country the center of the largest sovereign debt restructuring in history, the British newspaper Financial Times reported on Wednesday. According to the financial newspaper, the administration led […]

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