US allows Venezuela to begin debt restructuring process
The United States has allowed Venezuela to begin a debt restructuring process as the country seeks to stabilise its economy.The move comes as Venezuela faces about $60 billion in defaulted bonds, according to the supplied report.The decision is significant because it opens a path for talks over obligations that have remained unresolved for years.It also comes at a time when Venezuela is trying to address wider economic pressures.Debt restructuring can affect how a country manages repayments, negotiates with creditors and restores access to financial markets.In Venezuela's case, the scale of the defaulted bonds makes the process potentially important for its... [Continue Reading]
360LiveNews | 06 May 2026 00:01 LONDON
