Brazilian officials plan to visit
Venezuela next week to prevent the oil-rich nation from defaulting on contracts
worth as much as $5 billion (£3.71 billion) after falling in arrears on a
payment due to infrastructure contractors this month, newspaper Folha de
S.Paulo reported on Thursday. Venezuela missed a $262 million payment owed to
Brazilian contractors in September, the newspaper said, adding the government
will send representatives to Caracas to discuss the matter. The Brazilian
negotiators will include central bank and Finance Ministry officials, Folha
reported, citing unnamed government sources. More…
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