Venezuelan Officials Offer Few Details During Debt Restructuring Talks

14 Nov 2017   Venezuela

Scores of international creditors flew into this crime-ridden capital for a meeting on Monday with Venezuela’s government to discuss how the country might avoid a messy default on more than $60 billion in bonds. They walked away with precious few details and a box of chocolates. Several investors who attended the hastily arranged meeting at the Presidential Palace in Caracas said they were treated to a half-hour monologue expounding the country’s valiant efforts to keep paying from Venezuela’s Vice President Tareck El Aissami, who is blacklisted by the U.S. for alleged drug trafficking. Mr. El Aissami’s speech over, investors were given boxes of Venezuelan chocolates and escorted out of the building, according to two participants in the meeting. “They didn’t even allow questions,” said one […]

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