Economics
Venezuelan Candidate Would Seek Debt Restructuring, Adviser Says
- Nation needs debt relief, multilateral assistance: adviser
- Adopting the dollar is the best path to recovery: Rodriguez
Venezuela Inches Closer to Dictatorship
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Venezuela needs urgent debt relief and would look to give bondholders small payments in the short-term while pushing back maturities in order to allow the country to return to growth, according to the economic adviser of opposition candidate Henri Falcon.
“Venezuela’s debt is in default and needs to be restructured in the nation’s best interests to get relief in the short term,” Francisco Rodriguez said in an interview on Thursday. “We’re going to propose very small payments in the first years of governance in order to extend payment periods until the economy recovers.”