BCV head hails Venezuela’s debt restructuring
Acting central bank chief says country’s break with IMF should ‘never have happened’
The restructuring of Venezuela’s debt will bring the country “out of the shadows” of the international financial system, the acting head of the country’s central bank has said.
“The whole world is watching with enthusiasm and approval,” Luis Pérez told Reuters on May 14. Venezuela announced this week that it would begin restructuring the defaulted debt issued by the state and by national oil company PDVSA. The country entered a protracted default after it stopped meeting its obligations in 2017
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