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Venezuela embarks on $150 billion restructuring of debt amid political turmoil
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- The Venezuelan government announced Wednesday that it has begun a "comprehensive and orderly process" for restructuring its enormous sovereign and state oil company debt.
- In a statement, Venezuela's economics and finance ministry said the intention was to "put the economy at the service of the Venezuelan people and free the country from the burden of accumulated debt."
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The Venezuelan government announced Wednesday that it has begun a "comprehensive and orderly process" for restructuring its enormous sovereign and state oil company debt.
In a statement, Venezuela's economics and finance ministry said the intention was to "put the economy at the service of the Venezuelan people and free the country from the burden of accumulated debt."
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