14-May-2026
Economy News
 
Venezuela Starts Sovereign, PDVSA Debt Overhaul; Liabilities Seen Above $150 Billion
14-May-2026

Venezuela on Wednesday launched a restructuring of its sovereign debt and that of state oil firm PDVSA, lifting bond prices, as it seeks relief from what it called unsustainable obligations. In a statement, the government said the “comprehensive and orderly” overhaul would cover both sovereign debt and that of PDVSA and aim for “substantial relief” from debt burdens.

News Source:- https://money.usnews.com/investing/news/articles/2026-05-13/venezuela-starts-sovereign-pdvsa-debt-overhaul-liabilities-seen-above-150-billion