Post #2260

📰 NEWS | Venezuela: Creditors Hunger for 170B Debt Renegotiation International creditors have signaled readiness to renegotiate Venezuela’s defaulted debt, estimated at up to $170 billion, following a sharp rise in bond trading and prices since early January. Bloomberg reports Venezuelan bonds are trading near 40 cents on the dollar, up from past lows. Elias Ferrer Breda, financial analyst and director of Orinoco Research, told Venezuelanalysis that the growing creditor “enthusiasm” reflects expectations that a debt restructuring deal is closer, but warned that any agreement will hinge on US recognition of the Venezuelan government. Should Washington extend formal recognition, this could also pave the way for Venezuela to access around $4.9 billion in IMF-issued special drawing rights that are currently blocked under US policy. Read the full report here 👉🏽https://shorturl.at/CcJYQ #ForeignDebt#Sanctions#USVenezuelaRelations