Venezuela plans the biggest debt restructuring in history after Maduro's fall
Venezuela's interim government is preparing the biggest debt restructuring in history, disclosing liabilities of 240 billion dollars after Maduro's fall. The administration of Delcy Rodríguez aims to put the country back on investors' radar.
Venezuela's interim government announced it is preparing the biggest debt restructuring in history, disclosing the country's liabilities at 240 billion dollars. According to Euronews, the figure is far above market expectations.
The administration led by Delcy Rodríguez aims to use the restructuring to put the country back on the radar of international investors. After Maduro's fall, Venezuela is seeking to take steps toward normalising its economy.
Analysts say the process will require long and complex negotiations with creditors. Restructuring an economy heavily dependent on oil revenues is seen as critical to the country's return to the global financial system.
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