The bitter political standoff between Venezuela’s
government and opposition may have cost the crisis-torn country nearly half a
billion dollars in loans from one of its last active multilateral lenders as a
fourth year of recession grips the economy. The Development Bank of Latin
America, or CAF, is said to be reconsidering whether to issue fresh loans to
Venezuela -- a principal member and home to its headquarters -- due to a legal
dispute between the National Assembly and the Supreme Court, according to three
people with direct knowledge of the matter. As the government struggles to
stock store shelves and make good on billions of dollars in bond payments, the
opposition-controlled legislature has refused to approve a debt financing law
for 2017. More…
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