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Venezuela Holds Rare Call With Bondholders as Economy Recovers

  • Economic aide touts growth on call with foreign investors
  • Government defaulted in 2017 on roughly $60 billion of bonds

Venezuela’s government is making a fresh attempt to open channels with international investors, presenting potential deals in the oil and tourism sectors and talking up new economic growth data. 

Advisers, led by top economic aide Patricio Rivera, held an hour-long call on Wednesday with at least two dozen bondholders and fund managers from the U.S. and Europe, according to four people with direct knowledge of the conversation. The call was organized by the Venezuela Spain Chamber of Industry and Commerce.