US EditionExplainer-Venezuela's Billions in Distressed Debt: Who Is in Line to Collect
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5 Articles
Explainer-Venezuela's billions in distressed debt: who is in line to collect
NEW YORK, Dec 19 - Venezuela’s debt crisis is one of the largest unresolved sovereign defaults in the world, the legacy of years of economic collapse and U.S. sanctions that severed the country from international capital markets. Read more at straitstimes.com.
Venezuela’s billions in distressed debt: who is in line to collect
(BOE Report)– Venezuela’s debt crisis is one of the largest unresolved sovereign defaults in the world, the legacy of years of economic collapse and U.S. sanctions that severed the country from international capital markets. The country has been in default since late 2017, when it missed payments on international bonds issued by the government and state oil company PDVSA. Since then, unpaid principal, accumulated interest and legal claims tied to
Venezuela's debt crisis is one of the largest unresolved state bankruptcies in the world, the result of years of economic collapse and US sanctions that have cut the country off from international capital markets. Colombia, Brazil and Guyana have been in default since the end of 2017, when they failed to pay for government and state-owned oil company PDVSA's international bonds [...] The post Venezuela: One of the world's largest unresolved stat…
The Venezuelan economy contracted restrictively after 2013, when oil production collapsed and inflation skyrocketed, as did poverty.
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