26 de abril de 2017 07:39 AM
Actualizado el 26 de abril de 2017 07:49 AM
International financial analysts have suggested the Venezuelan government to reschedule the country foreign debt, estimated at USD 140 billion.
During the forum “Perspectives of the Venezuelan debt,” hosted in Caracas by brokers Rendivalores, Francisco Rodríguez, Chief Economist of Torino Capital, and José González, senior partner of GCG Advisors and CEO of ECG Asset Management Panama and EMC Managers at New York City, said that the option of changing the conditions to fulfill the obligations seems reduced. “Access to global financial markets has been closed to Venezuela,” they reasoned.
Rodríguez advocated adjustment in the Venezuelan economic policy. “Reschedule is not necessary if there is change in those policies. There are very strong exchange and price distortions in Venezuela that have to do with the lack of foreign financing. With a rather flexible exchange system (…) non-oil exports should be around USD 8 billion instead of USD 2 billion right now.”