Brazil to report Venezuelan debt to Paris Club -sources

Brazil is likely to inform major creditor countries of a $262.5 million debt owed by Venezuela after it missed a payment under a regional credit accord, three Brazilian government sources said on Monday, as its northern neighbor teeters on the brink of default. The payment, which is more than two months late, was owed under the Reciprocal Credits Convention (CCR), a multilateral clearinghouse among South American nations, said the sources, who spoke anonymously due to the sensitivity of the matter. More…