16-May-2026
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Economy News
 
Venezuela Debt Restructuring to Bring Country 'Out of Shadows,' Central Bank Chief Says
15-May-2026

Restructuring Venezuela's sovereign debt and that of state oil firm PDVSA will bring the country "out of the shadows" of the global financial system, interim Central Bank President Luis Perez said on Thursday. Venezuela announced on Wednesday it would begin restructuring its external debt, which has been in default since 2017 and is estimated by analysts to exceed $150 billion in unpaid bonds, arbitration awards and interest.

News Source:- https://money.usnews.com/investing/news/articles/2026-05-14/exclusive-venezuela-debt-restructuring-to-bring-country-out-of-shadows-central-bank-chief-says