Venezuela’s central bank is negotiating
about $500 million in financing with a New York-based investment fund by using
PDVSA bonds as collateral to help meet almost $3 billion in debt payments
coming due in April, a lawmaker said on Monday. The bank began talks with U.S.
investment fund Fintech Advisory Inc. three weeks ago to obtain some of the
cash needed to pay external debt this month, opposition lawmaker Rafael Guzman,
who sits on the congressional finance commission, told journalists. “These are
desperate measures because [Venezuela] in April has to fulfill its obligations
and apparently does not have the resources,” said Guzman. More…
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