27 de julio de 2016 12:46 PM
Actualizado el 27 de julio de 2016 12:53 PM
Venezuela is considering the possibility of a new issue of debt to get liquidity, Venezuelan Vice-President for Productive Economy and Minister of Industry and Trade Miguel Pérez Abad reported on Tuesday.
“We can see how the country risk has been falling down, which is a very important indicator, over 1,100 points (…) which ensures us to go out to the global market in search of new funding sources for the Republic, for the purpose of leverage of our production and supply system,” Pérez Abad told state-owned TV channel VTV.
Neither Venezuela nor state-run Petróleos de Venezuela C.A. (Pdvsa) have issued debt in the past years in order not to pay the high interests of its bonds of up to 40%, over the interest rate of defaulting countries, Reuters reported.
Venezuelan President Nicolás Maduro has stressed the need to find fresh funding, following the plunge of oil prices. Oil revenues represent over 90% of the country forex income.