The Daily Journal. — A group of legal and financial advisers has created a committee to bring together and represent Venezuela’s commercial creditors, aiming to coordinate their participation in the debt restructuring process announced by the government, Reuters reported. The committee, formed in early August and scheduled for an official launch this Thursday, seeks to […]
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Venezuela faces more than US$240 billion in debt, equivalent to 216% of its GDP, according to Bloomberg reports The Daily Journal.- Venezuela’s debt continues to grow as the government of Acting President Delcy Rodríguez prepares a comprehensive restructuring of the country’s external obligations. According to Bloomberg, a new arbitration award in favor of U.S. insurer […]
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By Dr. Juan Barreto, Director of The Daily Journal for Venezuela and Latin America Many are talking—or choosing not to talk—about Venezuela’s external debt. International agencies such as Reuters, Bloomberg, and several British financial publications place the country’s debt at an astronomical $240 billion, while other voices in the economic community, such as Miguel Rodríguez, […]
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The Daily Journal — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License 5Y on Monday, authorizing certain transactions related to the 8.5% PDVSA 2020 bond, effective September 17, 2026. The new license replaces General License 5X, which OFAC issued on June 18, 2026, and which had set August […]
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the long-awaited negotiations over what could become the largest sovereign debt restructuring in more than a decade. More than 15 investment funds have joined the Venezuela Creditors Committee since the United States captured former President Nicolás Maduro in early January, according to a person familiar with the matter. The arrival of new investors has strengthened […]
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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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Alejandro J. Sucre — Venezuela faces one of the most complex sovereign debt restructuring processes in its history. The scale of the challenge is undeniable: years without international audits, debt instruments scattered across multiple jurisdictions, opaque bilateral debt with China and Russia, and arbitration awards issued by the International Center for Settlement of Investment Disputes […]
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